RECESSION CAPITULATION
12 May 2009 by Cullen Roche
2 Comments
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Comments
Wow, these guys have really bought into the idea of a recover here; a “V” even. I can't really tell if they believe it or just think that everybody else will believe it. They do say that markets are paying little attention to value here.
We're living in a weird and unsettling world right now, that's for sure.
“self-reinforcing dynamic”
That's a good one. But clearly it is not a good idea to be short right now, whatever your thinking.
A very dangerous market.