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  • Global Markets in Review: Stocks Higher on a Stimulus and a Prayer [View article]
    Bullish equity markets have always preceded an economic recovery, just as bearish markets precede recessions. Its just that they sometimes give false readings during the earliest stages of an advance (or decline). The market will herald the return of economic growth when it decisivly moves to the upside. IMO it is still a little early to write the obituary to the bear. But his days are numbered.


    On Feb 08 07:59 AM constructe wrote:

    > It's nice to see some short term bulissness even though long term
    > everything remains bearish.
    >
    > The important fact is the bulishness is market bullisness not economic
    > (no real fundamentals to back it with). And the other bulishness,
    > as morph points out, is an even more worrisome bulishness: Bullishness
    > on commondities and staples which correctly points to an unsustainable
    > low treasury yield and possible inflation during a very bad recession
    > later.
    Feb 08 09:33 am |Rating: 0 0 |Link to Comment
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