Bull Markets Don’t Rally 300 Points
Wiser heads than ours are still thinking hard about the unrelenting credit troubles, the generally absurd situations of FNM and FRE, and the possibility that this time, socialism for the rich (that broad set of taxpayer-funded free love, free money policies available to large companies and major investors, but not to ordinary people) might not pull us through. If our bearish data points from yesterday weren’t enough, here are some more: There was a big divergence in…
Wednesday, August 6, 2008
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