Friday, January 04, 2008

Dead Cat Splat

Some expect the market to drop, but bounce quickly as in 2000. Vince Foster says not, since this boomlet has been credit-fuelled.

His view: housing is woeful, emerging markets look as though they may be topping-out, the Ted Spread is signalling insolvency fears, the 10-year bond rate augurs slowing growth; so cash is king.

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