Sentiment Suggests Short-Term Bounce
Extreme levels of pessimism as evidenced by the 5-day average of the put/call ratio, which is now flashing the highest reading in over seven years, suggests stock market very oversold and a bounce is due. Longer term, conditions auger for a further slowing in the economy. The Fed may be forced to choose between its anti-inflation vs. pro-growth stance.
posted by mike norman at 11:43 AM
4 Comments:
Polly disliked to go, not being, in fact, a hens'-rights hen, and transferred her stock http://www.google.com to me...
it would be easier to take you serious if you didnt 'ill-logical' everything.
you were pumping banks a couple of weeks ago,, my bsc+gs short thank you.
you want to 'reward' the guilty instead of celebrating those who were/are doing just fine in the economy........WAG + GD.
CONTRARIAN to the 'market' is supposed to mean you can actually find great companies selling for to low. not pumping the guilties as 'value'
as for goldbugs,, REAL hard to take them serious given they were LONG subprime!
Man, looks like Peter Schiff was right....dude, you and that other neanderthal in this video really look pretty dumb now....hell, you looked pretty dumb back then when you were basically denying there was a housing bubble....god, what a cheerleader.
http://www.europac.net/Schiff-Fox-12-31-06_lg.asp
Mike, with all due respect, my 13 year old kid understood more about the housing bubble than you did. I saw that You Tube video from last year that Dennis below refers to. You do indeed look like.....well, let's say just say a taco short of a combo plate. You exemplify what a mixture of arrogance and ignorance looks like. Contrarian? Try clueless!
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