Christopher Bush_

Are We Seeing Shades of 2003 Markets?

There is indeed a point; be cautious of overt optimism, and a broad based "bottom calling" sentiment. The negative and positive breakdown was to outline what might happen in the new year (things that aren't priced in, if you believe in the efficient markets hypothesis).

The point is with low yields, we will eventually be forced back into equities, and US Debt won't be a good investment unless the Fed actively targets long-term rates.


On Jan 04 09:10 AM Paul Price wrote:

> And your conclusion is...?
>
> You didn't make a case for going long or short. You merely said that
> in 2003 things got better early in the year before bottoming in March.

>
>
> Is there a point to this piece?

Speed with Which Financials Have Fallen Is Disconcerting

Ames,

It looks like you were right (although you're time line was pretty arbitrary)
However I was never disagreeing; my post was to point out the danger out there, and the lack of clarity in the mid-long term.