LeoTheDog

10 Predictions for the Global Economy

The tenor of the comments to this article are all the reason I need to be short. Many writers seem to attack this article as being "too late", as if "it" already happened. Could it be that the author is suggesting that as bad as it has been, it is going to be a lot worse? Just because stock prices are cheaper doesn't make them cheap.

These comments, plus the ridiculous 2009 S&P projections from the major market strategists (see article on home page for details) strongly suggest that there are too many people who think that worst is behind us. Those folks seem to ignore (or be ignorant of) the enormous crisis in Alt-A mortgages that has not yet hit, irrationally high S&P earnings projections and an absolutely devastated state of emerging economies (or maybe you believe the Chinese government's reported 8% economic growth statistics...). See you at the bottom.