If your mother does not understand what you are saying then neither do you.
Tuesday, August 25, 2009
Beast in the East or China Anstalt
(Pick your poison...either is hemlock. My lens for the market is that news does break with the cycles and that the worst is at the bottom - as opposed to best at the top. Market action at or around October 11 or November 15th might coincide with some serious newsdays.
I keep seeing a hard sell into October 11th, a crazy flippin' rally into November 15th and a rollover. But who knows? -AM)
Wsj.com/Heard August 25th
Aside from timing "exit strategies" as the economy strengthens, what worries central bankers? According to one, a fear behind the scenes at Jackson Hole, Wyo., was the state of Eastern Europe. His view: A "very severe problem" there could drag down a large European bank, "becoming a problem for everyone."