:: actio-et-reactio ::
amg's market charts and blather
A friend asked me for my thoughts regarding a "V" shaped recovery, etc. Here is my reply.
I just can't get excited about the shape of "this" recovery. The idea of a second recessionary wave appeals, if only because it allows a double wave of sell-off/recovery. We can still say we've had a recovery, let another debacle creep in and get sick all over again. Sort of like going back to work too early, before the cold had completely run its course.
Hussman has it right when he writes:
Investors are currently tangled in pretzel logic (gg-- so was dubya!). Every hope that the economy is about to recover results in stock buying, and the stock buying is then taken as evidence that the economy is about to recover.
|
moon phases |
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
blather: nonsensical talk.
At times my analysis log, at times sharing what I've learned. Always my own work and views.
Content: amg
Basis: glish & bluerobot
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