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Friday, August 28, 2009 12:58:46 PM
Tiger, I read your new article. "Trading Places" is all time! I love that movie. Your analysis regarding the market is good. Besides the ugly glaring techinical indicators that will more than likely lead the equity market into a roll over, I believe the market is ready to cash in and take the ridiculous profits realized since March. The fundamental points are good as well, especially the last point regarding less leverage leading to less growth. It will be interesting how quickly businesses try and leverage up again and if it will be possible through today's busted (but somewhat recovering) credit markets.
Cheers
GLTA
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