Crazy week on the stock market
Bob Morris @ Feb 3rd 2008 10:17 - Category: Unfiled
Monoline bond insurers got downgraded or put on negative watch, employment numbers headed down for the first time in years, tech giant Google blew their earnings - and the stock market went up last week.
While the markets can certainly stay irrational longer than one can stay solvent, I’m guessing this current burst of irrational exuberance will be ending sooner rather than later, and quite abruptly.
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