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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (104963)	11/28/2009 3:45:49 AM
From: mishedlo	14 Recommendations Read Replies (2) \| Respond to of 116555

My how quickly you have changed your tune from "V shaped recovery" and chastising me. Message 26103322 You can of course change your mind but your advice looks pretty ridiculous now after less than 10-days. Mish, the recovery is going to be a lot stronger than people think and Urban "gateway" (NY, SF, Boston, Seattle, LA proper, etc.) housing is going to have a V shaped recovery. Your blog will get more visits if you begin to talk about the Fed's exit strategy and rate hikes in 2010. Though we may be in a secular deflation, the current shape of the yield curve is highly INFLATIONARY and is UNSUSTAINABLE. Whether that inflation comes from inside the US or outside, is irrelevant. It's coming because of the number of countries which outsource their monetary policy to the Fed via their currency pegs. The Fed's policy may be appropriate for the US, but it's not appropriate for Asia or the Middle East. The more the bears thrash around, the more the bulls are stomping over them. The sentiment is still terrible. Never in my career would I have thought that a 60% rally in the equity markets would still be met with historically high implied volatilties or equity mutual fund outflows for that matter!!! Judging by the amount of absurd responses I will get to this post, it will further prove the point I've been attempting to make since April. Since when did John Q. Public ever get it right - why would it be this time? When the amateurs go all in and "can't take it anymore", then I'll sell to them. Until then, you're pissing into the wind right now. Tormenting Nonsense And I find it more than amusing that you think your tormenting matters .... "tormented by people like me". Hell I do not think what I write affects the markets and I get 1.6 million page hits a month with a huge number of prominent followers as well. As I have told you before, you have a ridiculous habit of judging things by how well your own little Wall Street world is reacting. So is the little guy "all in now"? I don't think so. I think the little guy is gone for good and those that aren't are selling this rally, probably flocking into the next dumb thing: municipal bonds and junk at exactly the wrong time. V-Shaped Recovery ... Good Grief! Mish