Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (85230)	9/15/2008 6:17:59 AM
From: axial	1 Recommendation Read Replies (1) of 116555

Mish, what's surprising about the whole mess is that the market and the dollar have failed to price facts that were known a year (or more) ago. So much for the market as a predictor. Every month or two, there's some new "surprise" with the attendant media flap, when the the failures have been long-forecast, here and elsewhere. Then there's some hokey "fix", the markets go up, the dollar gains more, and everyone heaves a sigh of relief: like everything's gonna be OK. There's more bad news in the pipeline, and every informed person knows it. What's going on? Denial? Lehman's bad, but it's hardly "news": you and others saw it coming. WaMu hasn't happened yet, but it will. Will everyone throw up their hands in horror again, like it's completely unexpected? There's been a BIG disconnect between long-known information and market behavior: the facts haven't been priced in. I don't know why. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next