Friday, April 11, 2008

Defying gravity

"...the equity markets are simply not acting in a rational manner given the underlying issues in the economy and credit markets"

So it's not just my perception. Read Karl "hold cash" Denninger's latest.
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1 comment:

James Higham said...

Might be worth remembering the reaction of the equity markets to the 1997 Asian panic.

They don't have a pedigree of sanity.

12 April 2008 at 04:46

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