I've got to make a 2 minute post today, as my flight back home is about to leave. I see the market is down somewhat, as I much as I'd like to talk about it, I simply won't have time for a post today! I am truly sorry.
I will mention, however, one interesting comment made to my post a couple of days ago comparing the recent market to 1973-1974. The poster wrote:
"I think the various trading and credit derivatives, huge amounts of liquidity, international markets, massive hedge funds, private equity traders, and last but not least, the creation of the PPT are all noteworthy differences between the markets of 1973/74 and today's markets."
Repeat after me, bulls: it's different this time.
Wednesday, December 06, 2006