Interesting presentation

[stoploss please]

http://web.gsm.uci.edu/~navarro/presentation/wescomspeech/wescomspeech_files/

 

[RogerM]

Thanks for that stoploss. Without spelling it out, he seems to be making a good fundamental case for this rally to continue just long enough to get Bush re-elected (or should that just be "elected", given that more people voted Democrat at the last election than Republican!).

 

[stoploss please]

Yes, it just reinforced my view. It may all look rosey now but I have a feeling it's going to go pete tong sooner or later.

 

[RogerM]

Yep - me too. In a similar vein, this is worth a read. Makes the case that the +ive earnings reports coming out of the US are no where near as +ive as they make out.

http://www.financialsense.com/stormwatch/update.htm

The Storm Watch series on the same site is also worth a read, but you'll need a wet w/e to get thru it all.

http://www.financialsense.com/series2/perspectives2.htm