joof

John Hussman: Do Worse Credit Problems Lie Ahead?

because of changes to accounting regs related to limiting the scope of potential "cookie jar" reserving the banks have deferred reserving problems compared to with they would have done even 10 years ago. They can't reserve until the problems become apparent

More shoes will drop

The Most Bullish Sign I've Seen In Awhile

highly negative sentiment in fact can be correct . You can feel bad for a long time,and reality can be bad for an equally long time . Things can get worse than you feel about things. You can become more than hgihghly negative, you can get suiciadally depressed. Things don't have to be better than people feel about things