Tuesday, March 18, 2008
i think it must be highly unlikely that a long-term bottom has been put in around s&p 1270 if this sort of hopeful bottom-fishing is making the cover of a plebiscitarian paper like the chicago sun-times. we might bounce hard here for a month or three or even six -- but past that one has to be looking lower with sentiment like this afoot.
UPDATE: the british press seems to be holding up its end of the bargain much better. here's some extra historical perspective with respect to the new york times. and i'm not sure if it's good or bad that much professional opinion is probably darker than the broadsheet.
Seriously, I enjoy your posts greatly, except for your (enviable) periods of nonactivity.
Dark Cloud (Steve B), STL, MO
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