MONDAY’S MUST READS
1 June 2009 by TPC
5 Comments
Kidding Ourselves About an Asian Recovery, by Roach
Anything But Academic, Hussman
Fed Puzzled by Curve Steepening, by Pethokoukis
Why Jeremy Grantham Changed His Mind, by Pearlman
Driving the Bond Markets to Ruin, by Glassman
Attention Economic Optimists: Not So Fast, by Luskin
The Next Crisis Has Already Begun, by Fleckenstein

Any chance that Ford will go the Chapter 11 route? That would be one sure way to extend the current stock market rally.
OT: Dow is adding Cisco and Travelers.
Wow, funny to see Luskin voicing a cautionary note. Even he is now finally seeing the weakness of any recovery. Of course as I write the market opens up 1.33% up in another speculative frenzy.
The way this market feels we could get hit by a Russian nuke and the stock market would rally 100 points.
Luskin has been wrong at every step during this bear market. He said there was no chance we were going into a recession 6 months ago and then he turns horribly bearish at the bottom as has remained so ever since. Search the site for his stuff. It's kind of humorous.
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