rodcore

What's Wrong with this Economic Picture?

What is better for overwhelming mass of Baby Boomers? Having 3 years of a bear market with a sound recovery or; having a 1 year bear market but with the buying power of their money eroded by 40%.

Negative Earnings Growth Expected Through 1H08

Dear Bespoke Investment Group,

When will you stop getting it wrong. I can recall not too long ago (2-4 months to be precise) sitting on a huge short position and reading your bullish and rosy outlooks on Q4 07 and 2008. I remember being highly irritated as you carelessly lead your readers into the abyss.

You got it wrong then and you continue to get it wrong in every quixoticly optimistic article you post.

Why don't you just wait until this thing has worked it's way out before you start telling people that everything will be okay in Q2? Seems prudent to me considering how wrong you've been all along.

The Bear Market is Here

I think you're absolutely right - I have had similar performance this year. Felt horrible for underperforming the market up until now because I was overly hedged. In three weeks I went from 3% to 14% on the year. This correction was inevitable, it should have happened sooner. Any rally is a good reason to continue building the short position. Gold is to be sold although I do agree partly with it being a proxy for liquidity.