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- Picked a bad week to go on vacation…
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I should have checked my calendar more closely. I didn’t realize this was “Market goes insane week.”Here are a few quick thoughts on the market’s activities of the last couple days.The stock market is trying to price in a recession. The credit market had already priced this in, and now it seems as though the credit market stands more to gain from here than stocks. Consider that credit benefits more directly from Fed cuts, which will help many firms sell new debt and survive. Stocks need profit growth….
Original Source
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23 January, 2008| Economy |
@ 21:26
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