« Debt-Free Business: Japan vs U.S. | Main | Links: Ruble, Daewoo Farms, China Banks, etc. »
Latest Stories
- Excel Wankers and Recession Averages
- Sorry, New York is Closed. Check Back Later.
- Catching Falling 2009 Earnings Estimate Knife
- Survivorship Bias in Global Markets
- Talking Positions on a Lazy-ish Retirement Portfolio
November 20, 2008
Negative News Flow Peaks Late
As the cascade of devastatingly awful economic news grows in volume, it’s worth reminding yourself that negative news flow is a lagging indicator. We are hearing about what has happened, in other words, not what will happen in the coming weeks and months -- and that has been awful (to the tenth or so power).
Now, does that mean that the market has discounted all the badness out there? Of course not. But things will improve on the economic ground, or least stabilize, long before it shows up in the headlines. In the interim, expect the pace of layoff news to spike much, much higher.
Sphere It
| 
Digg it
| 
Bookmark it
| 
Stumble it
| 
Facebook it
