There are some intelligent blogs outside. I like the nakedcapitalism.com blog. And I like Tyler Durden or even better Cassandra. These are highly skilled people or groups of people producing so much interesting high quality information not available say one year ago.
This one is from Cassandra:
So hearing Mobius, Cohen, and other pundits speak of bull-markets and greenshoots is predictable. But I reckon that Mssrs Schilling,and Roubini, will in time - once again - more likely be correct insofar as I believe continued recession and mild deflation will predominate longer than optimists (and inflationists)- and in particularly longs, can bear once the shorts have sufficiently covered and the intermediate term optimism rolls over with the continued bleak news flow. Then, the trend-followers will mechanically bail, and reverse positions, prescient programmes and specs, too, will re-establish their shorts, until finally the squeezed-in will, once again get squeezed-out, and those amongst us with weak constitutions will be forced to hide the pills and sharp objects to avoid .... tragedy.
But also this one from Adam (Option Armageddon) where he quotes David Rosenberg, chief economist of Merrill Lynch:
You know it’s a low quality rally when the top 50 most heavily shorted stocks are the ones that outperform the most – up 28% in April, an 1,860 basis point spread over the broad equity market.
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This one is from Cassandra:
So hearing Mobius, Cohen, and other pundits speak of bull-markets and greenshoots is predictable. But I reckon that Mssrs Schilling,and Roubini, will in time - once again - more likely be correct insofar as I believe continued recession and mild deflation will predominate longer than optimists (and inflationists)- and in particularly longs, can bear once the shorts have sufficiently covered and the intermediate term optimism rolls over with the continued bleak news flow. Then, the trend-followers will mechanically bail, and reverse positions, prescient programmes and specs, too, will re-establish their shorts, until finally the squeezed-in will, once again get squeezed-out, and those amongst us with weak constitutions will be forced to hide the pills and sharp objects to avoid .... tragedy.
But also this one from Adam (Option Armageddon) where he quotes David Rosenberg, chief economist of Merrill Lynch:
You know it’s a low quality rally when the top 50 most heavily shorted stocks are the ones that outperform the most – up 28% in April, an 1,860 basis point spread over the broad equity market.
