Ghost of Igloi wrote:
Seattle,
Good job. My view remains that it is momentum versus fundamentals. Momentum is back in vogue. When does that end? Could be next week, hard to say because it is defined by speculation.
Igy
The bet doesn't end. We are in it for the long term, no? Richest man in the graveyard wins.
But just as importantly, woe to him who thinks one little sliver of a downturn says anything more than this: markets fluctuate.
Oh, and as for your conceptual underpinnings on the ongoing market fluctuations, I'm not subscribing to that model. As i've said before, there are market forces which sway the fundamentals, and i think you ascribe too much importance to the latter and not enough to the former.