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MONDAY’S MUST READS

3 August 2009 by Cullen Roche 1 Comment

August, The Most Dangerous Month -  MarketWatch

Has The Market Gotten Ahead of The Recovery? – SmartMoney

The Market Is Overbought – Saut

We’re Keeping Our Hedges On – Hussman

Dousing The Fire With Kerosene – Kass

The Recession Has Ended, but The Pain Hasn’t - Fleckenstein

Housing Hasn’t Bottomed Yet – New Yorker

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Comments
  • Matty

    Building intuition into the Macro Environment and understanding the earnings discrepancy July/Aug 2009
    Submitted by Adam Steinberg
    http://www.zerohedge.com/sites/default/files/Macroresearch.pdf

    “Simply put: Where will the company earnings, buying power and credit come
    from to support our ideas of normal in relation to index averages, asset prices
    and GDP?”

    This report articulates key aspects of my view pretty well. I read it as a good distillation of broad trajectories and challenges. I’d be interested if TPC or other readers find Steinberg’s analysis to be an over-simplification to the extent where it misses critical information?

    I have read the Saut, Hussman, and Marketwatch ‘most dangerous month’ articles…SmartMoney next! Thanks for the excellent collection, TPC.

    08/03/2009 at 3:37 PM