Hi Bill
Sorry about the URL on the Reuters article I posted. The damn Dreyer Brother's better be worried about copyright laws and fix my URL window which no matter where I am in SI shows only the SI Main Page URL, so for the time being I have no choice but to post the whole article.
With respect to the article, it does run through several equally strong and opposite points of view and I agree totally with your comments about it. Unfortunately, that is the nature of the information and data we often get at fast moving, crucial points...which, BTW, is why I appreciate very much the comments and work of yourself, Zeev, IQ, Mohan, Sankar, Bonnie, and several others in helping to provide elements for developing a perspective on what is going on.
Interestingly, and perhaps unfortunately, however, we may be, for better or worse, in a brief(?) period where things like employment data and CPI, which have worked so well during the bull run, may be yesterdays news. A fellow posting on one the SI threads, who is exercising a pretty sophisticated data analysis, appropriate caution and due diligence, reported that with the DJIA at 7881 he will not go short unless the DJIA hits 7400. I believe it has crossed 7400 nine times but only on the way up back in May-June did it do so at a rate allowing a fairly considered and accurate sense of what one would get in any trades. Right now, are we not having great fun flying by the seat of our pants (or perhaps on the wings of some 12 foot chicken)? <VBG> and, on the other hand, also VB :(
Here's hoping the VIX will provide uncanny accuracy.
Larry
PS To all. URL problem solved. It has to do with using the SI Navigation Panel. Apparently, when using Navigation Panel, no matter where you are in SI, the URL stays on the SI Main Page. While the Navigation Panel has convenience when doing some things, this factor is so annoying that I will use NP very rarely now. Or, hpefully, a word to the wise Dreyer Brothers will be sufficient. |
