http://pragcap.com/the-latest-railtime-indicators-report-from-the-aar Sat, 26 May 2012 09:29:57 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://pragcap.com/the-latest-railtime-indicators-report-from-the-aar/comment-page-1#comment-5866 Huge Ackman Fri, 11 Sep 2009 04:05:33 +0000 http://pragcap.com/?p=8710#comment-5866 I remain stubbornly on the sidelines (since mid-May) but the improvement in the data is getting harder to ignore. Only two things allow me to stay the course right now. a) In March, it seemed like stocks would never go up again, now it seems like they'll never go down again. 2) The news may be good now, but despite what they say about the market being forward-looking, I believe it is optimistically forward-looking. It didn't do a good job of foretelling the plunge last year, and the outlook for this "recovery" is highly dubious. I remain stubbornly on the sidelines (since mid-May) but the improvement in the data is getting harder to ignore. Only two things allow me to stay the course right now. a) In March, it seemed like stocks would never go up again, now it seems like they’ll never go down again. 2) The news may be good now, but despite what they say about the market being forward-looking, I believe it is optimistically forward-looking. It didn’t do a good job of foretelling the plunge last year, and the outlook for this “recovery” is highly dubious.

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