tag:blogger.com,1999:blog-7296410208500992185.post4156855336752772447..comments2023-10-30T05:03:34.290-04:00Comments on Vinny Catalano: Bulls Gone WildVinny Catalano, CFAhttp://www.blogger.com/profile/13958861468295795061noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7296410208500992185.post-45998923530334250852007-08-28T18:28:00.000-04:002007-08-28T18:28:00.000-04:00A good point, why the sudden turn-about ? Part of ...A good point, why the sudden turn-about ? Part of it might be by arguing the R-word they justify a rate cut which puts them back in business. Yet prior to Jul. it was nothing but a magnificent economic prospect with at worst a Goldilockian soft-landing combined with ever-rising profits and earnings (let's draw that major distinction) after maybe a little downblip. I'd argue that a good part of it is ignoring all the economic data that's shown a downturn slowly building for some time. This is NOT a black swan. Nor is the impact of non-diligent structured debt where many smart folks, aside from Fleckstein, have been analyzing the implosion risks for months. And some, like Wilbur Ross, even re-did their balance sheets months ago to re-position themselves. This is gonna separate the smart & strong from the delusional shortly. FWIW some of us have been flying the flag for a bit: Reality Checks: the Latest GDP Report and Outlack ? ( http://llinlithgow.com/bizzX/2007/07/reality_checks_the_latest_gdp.html )Anonymousnoreply@blogger.com