Well, we’re still not there. But an analyst from Morgan Stanley tells us that markets tend to do better than that. The typical bounce is about 70%, says he.
October 26th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "bear market rally"
Dr. Michael Hudson On Landlords and Bankers in Charge of the Economy Again
Regrettably, your editor was back at the doctor’s office early this morning being diagnosed with tonsillitis after a lousy night. We were especially disappointed because scheduled for today was a noon lunch with Dr. Michael Hudson. His tour of the country is being sponsored by Prosper Australia and tonight at the Melbourne Town Hall at 6:30 Dr. Hudson and Dr. Steve Keen will be “lifting the lid on the GFC.”
October 14th, 2009 | Dan Denning | 17 comments | Continued
If the US Economy is Really Following Japan Things Will Get a Lot Worse
Internally, the Japanese are still not big spenders. The population is not only aging…it’s shrinking. That’s not happening in the United States. Thanks largely to its immigrants and Hispanics, the US population is expanding. But this new population is not the same as the old one.
May 22nd, 2009 | Bill Bonner | 2 comments | Continued
USA Follows the Same Downward Slide As GM
The experts say the company is going broke. “Chapter 11 looms,” says a Bloomberg report. Investors sold the stock down to $1.15 – a price GM hasn’t seen in more than 70 years. At that price you can buy the whole company for $700 million.
May 14th, 2009 | Bill Bonner | 0 comments | Continued
Now in Post-bubble Era as Financial Industry Bombs Out
Yesterday, both the Bank of England and the European Central Bank announced moves to boost the economy. They’re both falling in line behind Mr. Bernanke, who is “pulling out all the stops” in order to avoid a deep depression.
May 11th, 2009 | Bill Bonner | 1 comment | Continued
Watching the Bear Market Rally and Swine Flu
All over the world, people are breathing a sigh of relief. The end of the world did not come. Asian economies are still growing. Even with GDP falling at a 6% annual rate in the U.S.A., unemployment seems to be moderating…and house prices are falling not quite as fast as they were a few months ago.
May 4th, 2009 | Bill Bonner | 0 comments | Continued
It Wouldn’t be a Real Bear Market Rally if it Didn’t Test Your Confidence in Your Position
Perhaps it’s too early to say. But after the long holiday break and the news that Goldman Sachs somehow eked out US$1.8 billion in earnings in the last quarter, you get the feeling that the Aussie market might enjoy a stroll in the green today.
April 14th, 2009 | Dan Denning | 6 comments | Continued