tag:blogger.com,1999:blog-6616959642391988608.post6158204539319811685..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Climbing walls of worryScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6616959642391988608.post-60713611302824462632009-10-04T15:58:59.784-07:002009-10-04T15:58:59.784-07:00I suppose it's possible the the Wall of Worry ...I suppose it's possible the the Wall of Worry could suddenly get higher if something unexpectedly bad came out of Washington or if Iran exploded a nuke somewhere. But in the meantime, everything I see points to the market continuing to scale those walls of worry. Confidence rises. Spreads contract. Liquidity improves. Prices of commodities rise. The Fed is dangling untold sums of money in Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-2129187524190245512009-10-04T13:09:02.629-07:002009-10-04T13:09:02.629-07:00Scott,
So what's to stop the wall of worry fr...Scott,<br /><br />So what's to stop the wall of worry from pushing us back into recession in 2010 if the majority of pundits convince Americans to stop spending? Isn't that what Dr. Doom Roubini is predicting?Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49787444134705774232009-10-03T06:47:42.210-07:002009-10-03T06:47:42.210-07:00Scott,
It below right through the 20-day MA, stopp...Scott,<br />It below right through the 20-day MA, stopped at the 50-day, and then plunged trough that in dollar terms and in terms of any currency one wants to choose.<br /><br />I am less concerned about where it is relative to 2001 because any materials-related equity is trading at 3-10 times where it was in 2001. I am less concerned about the 2008 high because margins have held up for DaleWhttps://www.blogger.com/profile/16369657928022546882noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50220305164853495362009-10-02T19:38:47.791-07:002009-10-02T19:38:47.791-07:00Whoa, hold on there. The CRB Industrial index is o...Whoa, hold on there. The CRB Industrial index is off only 5% from its recent high. That's major damage? Or are you referring to it being off about 18% from its all-time high in early 2008? That's not very serious either, in my book, considering the index today is about double what it was at its 2001 low.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38520197445389862882009-10-02T17:12:34.719-07:002009-10-02T17:12:34.719-07:00The CRB raw industrials index has suffered some ma...The CRB raw industrials index has suffered some major damage. That is a bit of a worry for any materials-related and transport I cover. I'm fine with zero inflation in the staples I cover. In discretionary, I'd prefer a little more inflation than a little less.DaleWhttps://www.blogger.com/profile/16369657928022546882noreply@blogger.com