GREY:VMSTF - Post by User
Comment by
articsun55on Jan 18, 2008 2:21pm
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Post# 14226281
RE: MARKETS RECOVERING; READ THIS
RE: MARKETS RECOVERING; READ THISI agree geogirl.
This from Bob Rodriguez, CEO First Pacific Advisors,
quote, "I put the odds of a recession at 70%. The
consumer is getting hammered unmercifully with interest
rates and food, energy, and medical costs. We're looking
for employment numbers to finally get hit on 08. The
severety of the credit crunch has been totally misunderstood
by the vast majority of equity investors. Economists will be
debating whether it's technically a recession, but from the
standpoint of economic profits and stockmarket profits,
it will be a recession.
This is from Fortune Magazine December Issue.
Personally I think though, when it comes to vms it
will ride the tidewave fairly well with China in its
rear view mirror.