View Full Version : The Trend May Not Be Your Friend

04-21-09, 11:05 AM
The Trend May Not Be Your Friend (http://www.ritholtz.com/blog/2009/04/the-trend-may-not-be-your-friend/)

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04-22-09, 12:27 AM
Rajiv - Just a thought. A lot of people are asking "is the stimulus going to work" in terms of reviving the equity markets. It's the wrong way to put it. Too generic. You can have a sickly market in some segments and a stealth bull market in others. It's always been capable of doing that, in past bear markets as well as this one. So this generic question which the former "muddle through Mauldin" is today asking is not even very telling as far as I can see. I notice he never recalls his "we'll muddle through it" prognoses from 6-12 months ago, when he was reiterating constantly how all the bears were overstating their case. Now he's all over the bearish thesis with appropriate garnishings of gloom, and yet it's late in the day for this bear run. Bear is getting longer in the tooth every month. "Muddle through Mauldin" is a day late (and possibly a dollar short). For a peripatetic gadfly to the opulent La Jolla style rich and famous, who spends opulent amounts of time regaling readers about his frenetic and exotic travels, he's not nearly brilliant enough for this reader.