July 21, 2009
– Comments (4)
What, you mean short-term solutions don't solve long-term problems? Say it ain't so, Peter!
Thanks again for posting these blogs. I disagree with Peter on equity direction right now. I think if the shorts have waited this long to close, then they couldn't possibly have been smart enough to short in the first place. I also disagree with Peter on Dollar movement. I'm actually expecting a 'sentimental rally' in the dollar, nothing big, but enough to start a decline in equities. Once these things start, they take on a life of their own. Lots of complacency out there and very chipper headlines. This in the face of landslide Bank writedowns which Peter seemed not to comment on this time around, but which I thought were the most significant development of the day. I did very much appreciate Peter's point about interest rates.
Note to Peter if he's watching....never describe yourself as a Stockbroker. You are a Market Analyst who trades 'ideas', spots trends early and takes corrective measures quickly to keep the boat upright in a howling wind and stormy sea. Speechwriter PLEASE!
is it time to short banks, oil, real estate, dry shipping?
Thanks as always kdakota :)
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