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Probably The Best Financial Article I've Read This Year



March 08, 2011 – Comments (5)

Few times have a read an article this honest, for both bears and bulls.  I wish I had written it.

Here's a snippet:

The reality as you know is that the major forces in this market have embarked on a deliberate campaign to inflate assets of all stripes and create a sustainable economic recovery through radical monetarism. Occasionally bearish sentiment is allowed to creep through, like a mildly corrosive acid, to create some texture to the uptrend. But there has been little chance for any material erosion to take place before bulls reassert their authority.


5 Comments – Post Your Own

#1) On March 08, 2011 at 1:03 PM, Jbay76 (< 20) wrote:

Great read, thanks for the find!

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#2) On March 08, 2011 at 5:39 PM, leohaas (30.11) wrote:

Good article. Thanks.

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#3) On March 08, 2011 at 11:34 PM, russiangambit (28.69) wrote:

Wow, Markman wrote this? I thought anybody who talks about crazy Fed policies is immediately designated a "conspiracy theorist". Is it becoming mainstream view then that FED reflated the bubble?

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#4) On March 09, 2011 at 11:46 AM, leohaas (30.11) wrote:

Russian, did you read this article? Or did you base your comment on other Markman writings?

See, the article provides a long list of facts. All are showing we are in a recovery. It does not talk about "crazy FED policies". Rather, it shows how these policies have helped creating the current bull run, and provides both sides to the coin: the bull argument and the bear argument. It concludes that the bears better stay in hibernation for awhile because they are "fight(ing) the most prodigious positive force in the history of investment liquidity."

I don't see some kind of conspiracy here. Hasn't the FED so much as stated that they are reflating? And isn't the common argument against that that "you cannot push on a string?" Maybe, that is just a wrong argument...

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#5) On March 09, 2011 at 3:53 PM, russiangambit (28.69) wrote:

#4 - I definitely read it but unitl now I only saw this kind of argument on fringe blog sites such as ZeroHedge and TPC. Markman writes for MSN Money, which is more mainstream. The mainstream argument is basically that economy is improving this is why stock market is doing well vs. this argument here that stock market is doing well because of the FED policies mostly, from which you can infer that it is not based on fundamental improvement in the economy and is at risk as soon as FED removes the support.

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