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jg-
I think you might have one more opportunity to sell that bear fund for a reasonable value. The market is clearly far more sensitive to future interest rate concerns than future growth concerns. As economic consensus for Q2 growth grows greater, the fear of a Fed rate hike may cause a downward movement in the market. I would not be surprised to see another down leg next week fueled by those very concerns, although after today’s 150 pt gain on the Dow, I’m a little less confident about that possibility.

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Any time you sell and hold cash, you expect a period, either long or short, of depreciation in the sold asset. Then the idea is to either wait for the depreciation phase to end, or to find another type of asset in which to invest.

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Any time you sell and hold cash, you expect a period, either long or short, of depreciation in the sold asset. Then the idea is to either wait for the depreciation phase to end, or to find another type of asset in which to invest.

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Fair warning, though:

I’m cheating a bit.

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Fair warning, though:

I’m cheating a bit.

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Regrettably, of late, I seem to try to pick the “least worst” candidate.

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Regrettably, of late, I seem to try to pick the “least worst” candidate.

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Sure thing.

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Sure thing.

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Uh huh.

The yield curve has normalized, growth will likely be in the 2-3% range in the second quarter. No recession, but no rate cut either.

That said, this correction could have another leg down. The market may appear stabilized by COB tomorrow, but I would take a wait and see approach Mon-Wed of next week.

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Uh huh.

The yield curve has normalized, growth will likely be in the 2-3% range in the second quarter. No recession, but no rate cut either.

That said, this correction could have another leg down. The market may appear stabilized by COB tomorrow, but I would take a wait and see approach Mon-Wed of next week.

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Absolutely, there are reasoned opinions, and reasonable folks, that differ with my stock-market-crash-upcoming and Second-Great-Depression-soon-thereafter perspective.

Actually, last year I shared that perspective. I lost out on a heck of a lot of gain with that p.o.v.

Hey, how does it feel to have Ben Bernanke and George Bush on your side?

I definitely like Bernanke on my team. The other guy … meh. The 15% rate is helpful, but the potential upward pressure on long term rates from the profligate spending is not.

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Absolutely, there are reasoned opinions, and reasonable folks, that differ with my stock-market-crash-upcoming and Second-Great-Depression-soon-thereafter perspective.

Actually, last year I shared that perspective. I lost out on a heck of a lot of gain with that p.o.v.

Hey, how does it feel to have Ben Bernanke and George Bush on your side?

I definitely like Bernanke on my team. The other guy … meh. The 15% rate is helpful, but the potential upward pressure on long term rates from the profligate spending is not.

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JG is definitely a trooper. He has been honest and staightforward on his activity, good or bad and has hung tough. Good for him.

No doubt. Still, there are reasoned opinions that differ from his current point of view.

It would be nice to hear from Chris at this point. Fridays have been very good for the market for some time now (and Thursday have frequently been rather ugly — jg excepted). Last night, I thought long and hard about putting in buy orders for COB today (I’m more of a fund investor.) Actually, I did put in a couple of very substantial orders, then immediately cancelled this morning when I saw the action on the 10 year.

Anyway, for Chris, will the market recover tomorrow, or should we wait for COB next Thurs (or Friday morning for stock investors)?

[HereWeGo]

JG is definitely a trooper. He has been honest and staightforward on his activity, good or bad and has hung tough. Good for him.

No doubt. Still, there are reasoned opinions that differ from his current point of view.

It would be nice to hear from Chris at this point. Fridays have been very good for the market for some time now (and Thursday have frequently been rather ugly — jg excepted). Last night, I thought long and hard about putting in buy orders for COB today (I’m more of a fund investor.) Actually, I did put in a couple of very substantial orders, then immediately cancelled this morning when I saw the action on the 10 year.

Anyway, for Chris, will the market recover tomorrow, or should we wait for COB next Thurs (or Friday morning for stock investors)?

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