My friend Helene (a well regarded technician) had an interesting quote yesterday on pundits:
Clearly, the recession that hasn’t begun yet is over. At least, that’s
what all the folks who never saw the recession coming, then decided we
were going to have one, and who now say it’s over, believe. I know
because I heard them say so on TV, time and again.
Nicely stated, Helene. The only thing you may have missed is that therecessionthathasn’tbegunyetisover is already priced into the market.
You may now return to your originally scheduled inanity . . .
The Case for Higher Interest Rates
RealMoney.com 4/3/2008 8:37 AM EDT