Saturday, May 09, 2009
The capitulation of the financial tabloids
FT (Financial Tabloid): Spectre of rising bond yields looms over rally
You have to feel sorry for these clowns, as they have to fill the 30 odd pages of the pinkish paper daily (bar Sunday). John Authers, how can he ever look credible with his goatee beard and sardonic grin? "The rally in world stocks is into its third month. One question dwarfs all others: is this a new bull market, or just a rally within the bear market? But this might not be the right question. What if these options turn out not to be mutually exclusive?" HAHA, in other words: "i do not know if it is going up or down but that's not the question"!?... how to waste £2.50 on a weekend
Posted by confused76 @ 06:08 PM (523 views) Add Comment
3 Comments
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1. confused76 said...
This rubbish gets published in arguably the best of the financial rags. But do not wait too long... in two weeks time they will be singing praises of the equity market... just anything that can increase the rag circulation.... bunch of spineless financial illitterates
For your fun, here is John's take on the "efficient market" assumption (but why in the world does he want to wrestle with that, if it's the CAPM that argues about relative outperformance of equity?). Given the market rally of the past 2 months this deep and astute piece of research is already confined to the dustbin of history.
http://www.ft.com/cms/s/0/680b46b0-18a7-11de-bec8-0000779fd2ac.html
Is it back to the Fifties?
By John Authers
2. confused76 said...
BEWARE!!! Large investors may soon "capitulate" and buy in the market...
so says the FT!!!! LONG LIVE FUNDAMENTAL VALUATIONS!!
http://www.ft.com/cms/s/158f174a-3bed-11de-acbc-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F158f174a-3bed-11de-acbc-00144feabdc0.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fc85f1796-3bf5-11de-acbc-00144feabdc0.html
On Wall Street: Beware of the sucker’s rally
By Spencer Jakab
Published: May 8 2009 17:42 | Last updated: May 8 2009 17:42
The market is a cruel mistress indeed. Compounding the pain of big swoons, it kicks investors when they are down by luring them into sucker’s rallies – typically sharp but fleeting bounces in the middle of a bear market.
The current recovery has propelled the S&P 500 a third above its March low in just 60 days, convincing many sceptics that a new bull market has begun. Noted bear Doug Kass of Seabreeze Partners said the recent nadir may be a “generational low” and strategist Tobias Levkovich of Citigroup claimed many large investors who had feared another bear market rally may soon capitulate, pushing markets higher
3. drewster said...
confused76,
Let the FT ramble away. Nobody needs shares; the market can do what it likes. However everybody needs a roof over their heads. Save your venom for the real culprits.