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View Diary: The Swan is still Black, and We're Still Screwed (212 comments)

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  •  This is just a sucker rally (1+ / 0-)
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    Spatz

    That turning point only reflects the temporary return of confidence of a sucker rally. We told people in early March that a rally was coming and would last for several months. We said that things would seem less awful for a while and that people would return to their complacency. That is exactly what has happened, but we are getting closer to a recovery high now, and that means a resumption of the decline is not far off. Just watch what happens to housing starts and everything once the markets begin to fall in earnest again.

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