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Discusses the disconnect bw fundamentals and stocks...
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Re: Joe Saluzzi on Bloomberg again, re: economy.
I like him, he evaluates the noise and breaks it down.
Cash for clunkers is a little bubble (a fart in the bath) but it does have consequences, as he pointed out.
The money goes mainly offshore.
The people who brought were came forward only by "a free gift".
Many inherited a debt that reduces their spend on other things.
Now you have created an artificial vacuum that can't be filled
US car companies see the reduction in inventory and gear up only to be short changed two months down the track.
But AIG will repay $185,000,000,000 out of profits from a diminishing base and "Do" something for the shareholders (after the big boy's get a bonus) Yeah right, care to calculate the years that will take
Stock markets -Irrational exuberance currently chasing ever diminishing returns are like life insurance. You know your going to die but you pay an insurance company good money to prove them wrong. go figure that?
'Fundamentals don't seem to matter anymore' - If it looks like a duck, walks like a duck. craps like a duck - Its a Duck
I Tulips thesis continues......................................... ...........................Last edited by thunderdownunder; August 24, 2009, 06:04 AM. -
Re: Joe Saluzzi on Bloomberg again, re: economy.
Got to love Bloomberg take on the most important point made by Saluzzi during the interview - Just in case you missed the interview and are joining us here is the summary- big banner on the screenOriginally posted by WildspitzE View Post
SALUZZI - "PERMA BEARS ALWAYS LOOSE" - sound byte for the bull horn
"that each simple substance has relations which express all the others"Comment
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Re: Joe Saluzzi on Bloomberg again, re: economy.
I noticed that too, was wondering if anybody else would...Originally posted by Diarmuid View PostGot to love Bloomberg take on the most important point made by Saluzzi during the interview - Just in case you missed the interview and are joining us here is the summary- big banner on the screen
SALUZZI - "PERMA BEARS ALWAYS LOOSE" - sound byte for the bull hornComment
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