Not too keen on the financial system of this country and most of the world, huh? Can't see to recollect what happened the last time emerging markets took a serious correction? Having a hard time with the concept of asset inflation? Use the right unit of measure and you will see that there never was a bull market. Yet the perma bears can't stop shorting. I'm crossing my fingers for another sell-off, too many quality names bounced back with force.
Exactly! I'd love to see the quality names get hit (maybe 20% of the market). That'd represent a great buy opportunity. A lot of the others will head lower.
Traders are having 'subprime fatigue' as the result of being bombarded with constant headlines about subprimes for the past two weeks. The news no longer has an effect especially condering the subprime mess is confined to..um..well companies that deal subprime loans like NEW and LEND.
Right. And everything that is bought to fill new and existing homes, like furniture, dishwashers, paint, and lawnmowers is immune. It will be sooo contained.