When they keep saying there’s no reason for panic
Bob Morris @ Jul 15th 2008 15:47 - Category: Credit crisis
How come every time a WSJ editorial tells us not to panic, we learn in subsequent hindsight, that Panicking is pretty much exactly what we should be doing?
Only the truly cynical would say such rose-glasses editorials would give investment banks time to short the stocks they’re telling us are safe.
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