Things Aren't as Bad as They Seem - Barron's [View article]
This is sort of the Barrons' version of Don Luskin's WashPost Sep 14th op-ed piece, just before the market collapsed.
I'm seeing a lot of people losing their jobs, store fronts closing, and real estate prices sinking, and I live in an area (Boston) that supposedly hasn't been hit as hard as many.
Sure, the market can do anything, particular with the likelihood of a few TRILLION dollars of stimulus. But arguing that things aren't that bad in the face of debt deflation of epic proportions seems shallow. Of course, maybe we should put Mr. Happy Face on after a 40 percent SPX drop...unless the monthly charts put us where no man has gone before.
Things Aren't as Bad as They Seem - Barron's [View article]
I'm seeing a lot of people losing their jobs, store fronts closing, and real estate prices sinking, and I live in an area (Boston) that supposedly hasn't been hit as hard as many.
Sure, the market can do anything, particular with the likelihood of a few TRILLION dollars of stimulus. But arguing that things aren't that bad in the face of debt deflation of epic proportions seems shallow. Of course, maybe we should put Mr. Happy Face on after a 40 percent SPX drop...unless the monthly charts put us where no man has gone before.