“Lets Face It”
December 3rd, 2008 by Buck Woodford
Acceptance is of course one step on the way to recovery. Auto bailout talk still signals denial to me.
Hedge fund manager Howard Lindzon wrote a short, witty post summarizing our current situation. The end about Steve Ballmer makes a very interesting point. For my time, Howard’s blog is one of the best market conversations out there.
One quote:
The trend is so clearly down that betting against it other than for trading purposes is bad business. Betting on the trend as it goes south is just damn hard because I have never seen anything like it. So I mostly watch…
We’re doing the same.
