Pull back - when!

[Rabbitisrich]

Like many of you, I'm skeptical of this rally. I haven't sold anything since March, but I've been purchasing puts on various high beta, low fundamentals stocks.

 

The Financial Times argued against any major economic improvements in 2009 because of the damage to consumer balance sheets. Even in the case of a partial recovery, according to the article, the governments balance sheet might prevent a full recovery (i.e. inflation targeting, currency protection).

 

http://www.ft.com/cms/s/0/3d89a930-220d-11de-8380-00144feabdc0.html

 

CalculatedRisk.com has been doing some good work clarifying the difference between quantitative easing and credit easing.