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Wednesday, December 5, 2007

The Market wants it Both Ways

Posted by Mark at 12:36 PM TweetThis
I love 'analysis' like this:

Wall Street rallied Wednesday after new data showed the U.S. economy is in good shape and that another interest rate cut is still a possibility.

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Ok so if the economy is in good shape (per economic reports) why would we need to cut rates?

Oh I see we can have both a good economy and Fed cuts.... yes the best of both worlds... cheaper money by the day, and a good economy. Bubbles? What bubbles? ;)

Amusing at best...

Posted by Mark at 12:36 PM Comments (2) | Edit This Post | Create A New Post

2 comments:

pik said...

TM,

Aside from Ken Heebner and CGMFX, which other funds short? Can Heebner short as much as he wants in the CGMFX fund?

Thanks

December 5, 2007 1:30 PM  
TraderMark said...

I don't know any specific ones that do - I am sure there are some. It has to be written in the charter of the fund that it is allowed. I think they are far and few between. I am not sure how much he can short - from what I have read of the fund he has all the leeway he wants since its his shop and he runs the place and he tries to run it like a hedge fund per interviews. I know per the September statement for example he was short Countrwide and Sears (good calls)...

December 5, 2007 1:34 PM  

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