More Talk About Credit Bubbles
I concluded a post on stock markets over the weekend saying: After equities seven-month climb, stock markets certainly look vulnerable for a decline. Two downside reversal days – on Wednesday and Friday – would seem to indicate that stocks could commence a pullback to work off the overbought condition, allowing fundamentals to reassert themselves. [More...] Learn More …
I may not be a happy person and I may have my own problems in life but, dammit, I live in paradise. The past few days we have had a very large swell hit our south shores, right before our winters begin (north shore), and it has been a blast. I only wish the stock market could do the same thing for me. However, when the same trend remains since March, with nary a pullback, it is hard to find a market like this exciting.[More...] Learn More …
