Monday, September 10, 2007
the Devil you know is better than the Devil you dont
Seems to me that until we start getting some earnings from the big banks and brokers the market will remain open to extreme volatility. The market doesn’t like surprises, so bad news is often better than no news. What I would look for is some OK earnings, nothing great but nothing terrible .Current expectations seem to be looking for a massive shortfalls in profits and significant loan losses anything less would go a long way reassure the market and perhaps get us back on the good foot.