Friday, October 03, 2008

Are stocks in a bubble?

Either the credit market is right and this is a real disaster, or the equity market is correct and there will be a future.

One of these markets will reprice themselves. The farther divergence between the two means the one that is wrong is going to reprice itself at an accelerated pace.



Blogger John Liberty said...

If you want to make a lot of money...load up on short dow futures. even better - load up on an etf that shorts dow futures in terms of euros.

12:03 AM  

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