Comments on: Considering the Impossibility

By: BarrellRyder

BarrellRyder — Tue, 17 Mar 2009 22:53:05 +0000

None of these scenarios are likely to happen, my guess is the Dow to 3500 would be the most likely of the three, which isn’t saying much. This global equity desecration of stock values is over-reactive, there are many good companies with strong earnings and clean balance sheets that have been treated as if they were Citi or AIG, these comapanies will gain market on weaker ones and their stock prices will turn around and likely see incredible gains, when will it happen? Who knows, most rational experts see the market bottoming later this year and rallying hard in late 2010.

By: occdude

occdude — Wed, 11 Mar 2009 18:22:33 +0000

I think everyone OVER estimates Americans patience with failure. We are a people not tradition bound. I think we’ll try one thing and if it doesn’t work we’ll try another and so on. America has a culture unique to the world. There is strong a undercurrent (thats been asleep for a while) of self sufficiency, risk taking and a willingness to be “un-conventional” ( I like to say that the US is a refuge for all the various weirdos of the world). I’m short term bearish but longer term, I think we’ll figure it out.

By: derringer

derringer — Tue, 10 Mar 2009 17:42:41 +0000

I have to agree with other posters here… I, literally, read this blog for pure entertainment now. The author regularly crosses the line between informed economist and something almost akin to spiritual ‘faith’ based commentary. Save the faith for church and with discussion with your maker… here we need economic insight, not faith, especially nto faith in a convicted lunatic.

By: jeff

jeff — Sat, 07 Mar 2009 18:59:14 +0000

any idea on the april 19 high/low?
- USD high
- DJIA, S&P, NASDAQ low

By: Doug

Doug — Sat, 07 Mar 2009 15:10:08 +0000

Frugal,

I appreciate the post – you are right about the fact that the banks’ counterparties are teh big winners (John Mauldin points this out this week as well), but I think that the Armstrong post is alot of voodoo.

Economists talking about “omens” and “cycles” that peak at the first day they picked on the graph are advocating, not analyzing. His chaotic exegetical style is the kind of argumentation I would expect from the pulpit, where the priest is making a case based on faith, not facts, and whose answer is both predictable and known before he starts: trust Jesus (or whomever).

By: dong

dong — Sat, 07 Mar 2009 04:20:44 +0000

If the best economist that you know is a convicted criminal who ran a ponzi scheme, I would be very worried too.

By: t

Fri, 06 Mar 2009 21:08:34 +0000

dude
u need to get a break ;
u were suggesting a rally in the last post? and now u say new lows

By: t

Fri, 06 Mar 2009 21:08:28 +0000

dude
u need to get a break ;
u were suggesting a rally in the last post? and now u say new lows