Just Another Blog
Thursday, June 07, 2007
 
I'm a Bear

Not in the homosexual kind of way, though as a burly, hairy fellow, I'm sure I could have great success in that community should I ever have a dramatic change of lifestyle and significant loosening of my sphincter, but rather in a market-outlook kind of way. Of course my pessimism has been pervasive throughout a long bull market giving me absolutely no credibility on the subject especially when I'm pretty much the pessimist about all aspects of life, but I'm not ready to change my mind yet. Here's an article reminding us that things are worse than they appear - or worse than they are being reported any how. "A multitude of risks is being mispriced in the capital markets."