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Jack Haddad
  • Market resiliency 2 comments
    Oct 6, 2009 12:50 PM
    The skeptics find themselves on the defensive and it's clear it will take more than a 3.5% drop or reminders about October's "scary" history to break the market's short-term momentum.

    • George Soros says the U.S. banking system is "basically bankrupt" in sharp contrast to Goldman's upgrade of the large banks.
    • Nouriel Roubini says "markets have gone up too much, too soon, too fast," and will retreat when economic news refutes the V-shaped consensus, Bloomberg reports.
    • Joseph Stiglitz told Bloomberg TV investors have become "irrationally exuberant" about prospects for a recovery. "There's a lot of risk...ahead of some big bumps."
    • Christopher Whalen tells Tech Ticker the fourth-quarter will be a "bloodbath" for banking as says stocks rallying while the "real economy is dying" is not a healthy sign.
    • Meredith Whitney warned about the likelihood of a second credit crunch, especially for small businesses, a WSJ op-ed last week.
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  • Macro_Man
    , contributor
    Comments (227) | Send Message
     
    However good your reasons are mate, don't get short yet and don't add on to DOG just yet. If you are early can be very painful even if you are right eventually
    6 Oct 2009, 01:41 PM Reply Like
  • Jack Haddad
    , contributor
    Comments (96) | Send Message
     
    Author’s reply » I may sustain shorterm paper loss, but it's notjhing new. I want to get head of the crowd.

     

    On Oct 06 01:41 PM Macro_Man wrote:

     

    > However good your reasons are mate, don't get short yet and don't
    > add on to DOG just yet. If you are early can be very painful even
    > if you are right eventually
    6 Oct 2009, 01:47 PM Reply Like
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