A Big Day Today
March 18, 2009 at 13:51 PM EDT
Contrary to Macro Man’s expectations, equities put in a very good day yesterday, with the SPX breaking and closing above the 767 level. Perhaps the feel-good was stoked by the unexpected rise in housing starts; if so, Macro Man remains sceptical, as that data is a rather flimsy foundation for a recovery. Perhaps, also, the rally [...]
