tag:blogger.com,1999:blog-6616959642391988608.post3652934538074800544..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Global equities rise $13 trillion from March lowsScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-79791949079154212362009-07-22T16:10:25.412-07:002009-07-22T16:10:25.412-07:00If I recall, my thinking back then was that the ma...If I recall, my thinking back then was that the market was pricing in an absolutely disastrous economic scenario: something much worse than the Depression. I couldn't imagine even another Depression, much less a mega-depression. So I thought that as time went by and a mega-depression failed to materialize, or if the economy just looked to be in a bad recession, then the market would have to Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83036130633388803112009-07-22T15:55:52.653-07:002009-07-22T15:55:52.653-07:00Scot, so if it was a "panic rally" where...Scot, so if it was a "panic rally" where does it go from here? Panic implies it was perhaps overenthusiastic and thus it might need to retrace down a bit and then stagnate or what? ThanksRobhttps://www.blogger.com/profile/16062180895899998738noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23212803714046813182009-07-22T15:23:20.240-07:002009-07-22T15:23:20.240-07:00I've commented on this before. I think the reb...I've commented on this before. I think the rebound had a lot to do with Obama. When his agenda started to run into opposition, when cap and trade looked like it wasn't going to fly, when his popularity started declining, etc.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65238660684577855412009-07-22T14:26:22.922-07:002009-07-22T14:26:22.922-07:00So the sell off was due to Obama and the rebound h...So the sell off was due to Obama and the rebound had nothing to do with Obama.... Got it.Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.com