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| Tuesday, April 19, 2005 |
| What's up with the market? |
Friday was the worst day for the market in 3 years. If you've been reading consistently, you know that I'm currently a bear on the market, as this post from two weeks ago shows. At least it came back strong today. I continue to think the downside risk significantly outweighs the upside.
Continuing my following of Krugman, his column today warns of the possibility of stagflation - the nasty combo of inflation and high unemployment. In fact he says it may already be here. Is his column a big stock-market warning? I don't know. But today's rally has tempted me to sell a bit in advance of the next last Friday. |
posted by CB @ 6:06 PM   |
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