DISQUS

DD · 8 months ago

The DOW was at 6500 13 days ago, when are you going to stop calling this a dead cat....

Enjoy your short squeeze, I will listen for screams that this isn't real

Constantine von Hoffman · 8 months ago

Hey DD,

You raise a very good point: I'm curious to find out when I'm going to change my mind, too.

I just haven't seen any actual changes in the underlying problems that justify an actual feeling of confidence in the economy. I feel like everything is being papered over, that I'm being spun. I do NOT trust the Dow as an indicator of anything. Why is it more reliable now than when it was at 13000?

I try to look at other things and discount the Dow's movement unless I see a correlation to what I think is actual change. I know how fallible that approach is -- I just wish others would also admit their own fallibility.

C.