Did We Just Have The Mother Of All Oversold Bounces? Are We Looking At The Mother Of all Jobless Recoveries? MOTHER@*&%$&/*&^##!!!!!!!!
Saturday, July 11, 2009, 12:05 AM
In general, your target is not to beat the market. It is to beat zero. As I have written for years, the investors who win in this market are the ones who take the least damage. -- John Mauldin
Either the efficient markets are telling us that things are 40% better than 3 months ago.... Or three months ago the emotional markets panicked to the downside and now are where they should really be.... Or We had a hell of an oversold bounce based on "still in business" and cheerleading and hope and we're about to roll over as we come to terms with how bad it really is...
I'm STILL all in in bonds and the GIC and torn between corporates for yield and Govies for safety. Guess what I think.....