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The amount of money on the sidelines will drive the equity market. It’ll be retail driven this time, not hedge funds. There have been record mutual fund redemptions going on for a long time and bank accounts, CDs and money market funds, all despite the historically low yields, have historically large amounts of cash and at some point, greed will take hold and people will go back into the market. Same old, same old.
re snark’s question – for anyone who was involved in the whole “is 1990s japan relevant” debate a couple of weeks ago…. consider this: the force that finally brought them out of their stagnancy was exports, made possible by the growth in the rest of the world in the early 2000s.
unfortunately we won’t have a growing “ex-US” world to bring us out of this.
Paul Krugman is a liberal hero & our newest econ nobel prize winner. Check out “the return of depression era economics” — there is a chapter about japan’s lost era, and it’s very readable.
I don’t think MarketWatch is very credible. I was baiting you guys with that one. Their economic analysis has always been without substance. The funny thing is that this article was passed to me by a broker in India!!!! LOL
The amount of money on the sidelines will drive the equity market. It’ll be retail driven this time, not hedge funds. There have been record mutual fund redemptions going on for a long time and bank accounts, CDs and money market funds, all despite the historically low yields, have historically large amounts of cash and at some point, greed will take hold and people will go back into the market. Same old, same old.
re snark’s question – for anyone who was involved in the whole “is 1990s japan relevant” debate a couple of weeks ago…. consider this: the force that finally brought them out of their stagnancy was exports, made possible by the growth in the rest of the world in the early 2000s.
unfortunately we won’t have a growing “ex-US” world to bring us out of this.
“we have a cataclysmic banking crisis going on…and soaring unemployment, all globally.”
Could not agree more.
funny. i bit.
Paul Krugman is a liberal hero & our newest econ nobel prize winner. Check out “the return of depression era economics” — there is a chapter about japan’s lost era, and it’s very readable.
http://krugman.blogs.nytimes.com/
mmmmmm….Indian!
“Which brings e back to my original question: What is going to drive this mythical rebound?”
Damn good question Snarky.
you use Indian brokers?
> “Prechter at Elliot Wave is the real thing.”
Which brings e back to my original question: What is going to drive this mythical rebound?
I don’t think MarketWatch is very credible. I was baiting you guys with that one. Their economic analysis has always been without substance. The funny thing is that this article was passed to me by a broker in India!!!! LOL
Prechter at Elliot Wave is the real thing.