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Dead Green Shoots

Recs

11

June 18, 2010 – Comments (3)

I've been very skeptical about the "recovery" and last year's Bizarro Rally for quite some time, so I finally felt moved to dig into this on Fool.com: We've Killed the Green Shoots. What Now? We shouldn't give up, of course, but I do believe we need to address the realities out there, unpleasant as they may be, and start pondering a return to long-term thinking and responsible behavior. 

Also, please check out the excellent piece Fools Dayana Yochim and Ilan Moscovitz published today: Don't Let Washington Kill Shareholder Rights. The article includes a nifty petition, too, so Fools can make their anger known. Eleventh-hour attempts to weaken corporate governance provisions, yeah, I'm pretty sure there's some good reason for some anger.

Sorry if some of this is a little bleak for a Friday, I hope all Fools have a good weekend.

3 Comments – Post Your Own

#1) On June 18, 2010 at 6:42 PM, Teacherman1 (57.58) wrote:

Am planning on posting a blog over the weekend on this, but just wanted to put my $.02 worth in.

It is my belief that what we are currently in, is a "Skittish" market; with both Bulls and Bears overreacting to both good and bad news

There are many similarities to the 2009 market. I will elaborate on some of the differences in my blog. .

JMO and worth exactly what I am charging for it.

Have a great weekend. 

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#2) On June 18, 2010 at 8:03 PM, allstarvulture (< 20) wrote:

Ponder a return to long term thinking and responsible behavior?  They should never have been abandoned in the first place.

Everyone should be skeptical of this recovery.  New jobless claims rose again.  And the employment picture only gets worse once the census ends.  Of course, it may not end.  It wouldn't shock me if the administration decided that taking the census annually was a great idea. 

So long as people remain out of work at these levels, there is no true recovery.  Some will say that unemployment is a lagging indicator.  Well, if that's the case, it's been lagging this 'recovery' for a year and a half now. 

Not trying to be bleak, either, or harsh.  But if we're going to address the realities, let's tell it like it is.  A good weekend to you, as well.

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#3) On June 23, 2010 at 2:55 PM, TMFLomax (49.12) wrote:

Teacherman1

I always enjoy others' two cents! "Skittish" is another good word for the current environment. I'd say that there are a lot of reasons to feel skittish.

allstarvulture

Point well taken... I shouldn't have said "start pondering" either, right, they shouldn't have been abandoned and actually I've been sort of harping on emphasizing long-term thinking and responsible behavior off and on since 2008 (I felt like the crisis should have been a wake-up call, but gosh, I don't feel like the lessons have been learned even yet). Thanks for your feedback, because yeah, there are some seriously unpleasant realities out there but it does no good, like you said, not to tell it like it is.  

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