Welcome to pisto.net
pisto=money in Guatemalan spanish
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--------Welcome to the pisto weblog. Here you will find rants about life, pisto and other things, please let me know if you want to become a member e-mail jchajon at pisto dot net
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Saturday, March 28, 2009
Why don't we think for a while?
Suppose this is the bottom, and that a Bull market has already started....
How are we supposed to trust the credit markets to get rolling again and the corporations to start getting the right E's that belong to the P/E's...
I guess I do not have the superior intellect or education to understand this, but it seem like this time is different, and that we are not in the middle of a regular cycle in the market.
Economists have all these beautiful theories, but when you go out in the street and look at the for rent/sale signs and the unemployed, you would not think that everything is going to be OK, specially when the taxpayer is bailing out the smartest and most financially savvy people in the world....
Once again, maybe I do not get it, because the game is going to change drastically from now on.
Maybe there will be better financial regulation, oversight and transparency on and by all the players.
Or maybe it is just wishful thinking.
11:23 PM
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