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  • Hoping for a Rally in This Whipsaw Environment [View article]
    Let me add my two cents about what's "different now". Firstly, I would like to echo Sly's comments above.

    But in addition there are many new issues (from a historical prespective) that are influencing the current financial system - and the relative gravity of each, or how they are interacting is hard to quantify.

    1) The euro - a relative new currency with a lot of strength combined with what i view as very poor management.

    2) The continuing movement of the economic center of gravity from North America/Europe to Asia.

    3) The war on terror specifically Iraq and Afganistan. Besides the human and economic toll this is taking, it diverts attention away from the real war - economics.

    While watching the Administration's roll out of the firemen yesterday to try to calm the markets, the FED chairman said that we were not technically in a recession. He is right. Our historical means of gaging the markets and industry plain do not sync with the new reality. Using the historical means of picking stock or predicting movements should be questioned.

    This is why it feels different now to me.
    Jul 15 21:19 pm |Rating: +1 0 |Link to Comment
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