Sunday Reading
14:41 America/Los_Angeles 26 Jul 2009 
1 Comment
Links:
Recession Probably Abated Last Quarter: U.S. Economy Preview
Up 40%, but Still Feeling Down
(NYT)
Lennar Signals Fleeting Builder Rally as Buyers Flee
(Bloomberg)
S&P 500 Short Interest Drops, Led by Banks, as AIG Bets Shrink
(Bloomberg)
Schumer Presses SEC for Ban on ‘Unfair’ High-Frequency Trades
(Bloomberg)
I like the NYT article because it shows how deadly it is to take a big hit in your investments or 401k and how tough it is to recover. People always think that if they lost 40% like they did in 2008 then thats all they need to get back to even, but in fact they need the market to go up nearly 70% in order to get back to even.
One thing this article fails to mention is the ability to make money when the market goes down on the short side…. Thats one thing that always bugs me with the media is they convince everyone that there is no choice, but to stay long and take it on the head.