Thursday, April 9, 2009

Money - Pricing the end of the depression

The deleveraging overwhelmed everything money and everyone. Reversing itself when it looked like he didn't understand stock 401(k)s was more important than burdening the economy with tax hikes and utility hikes that would obliterate both housing and stock wealth.

When he became more market - money and offered financing -- leverage to buy asset-backs

And the depression ended. We only had 1,000 points to drop, and you had to start buying. There just wasn't enough downside left.

These are not disputed calls.

We are obviously still in a recession, so it is not clear yet.

Money hated the market and continue to hate it with few exceptions.

I think you look at it like this: With the money 

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