Sunday, November 2, 2008

Spock would say it's not logical!

Like all bear-market rallies, last week's was utterly illogical, irrational, certifiably insane.

Look. All the fundamentals that caused this bear market are stronger than ever:

The financial disasters that have gutted world stock markets this year are accelerating; NOT slowing.

Debt defaults are soaring; NOT going away.

Global economies are cratering; NOT growing.

Consumer confidence is crashing. Corporate earnings are vanishing. And, it's all coming unglued FASTER with every passing week.

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