Quote of the Day: Pundits

My friend Helene (a well regarded technician) had an interesting quote yesterday on pundits:

Clearly, the recession that hasn't begun yet is over. At least, that's what all the folks who never saw the recession coming, then decided we were going to have one, and who now say it's over, believe. I know because I heard them say so on TV, time and again.



-Helene Meisler

>

Nicely stated, Helene. The only thing you may have missed is that therecessionthathasn'tbegunyetisover is already priced into the market.

You may now return to your originally scheduled inanity . . .

>

Source:

The Case for Higher Interest Rates

Helene Meisler

RealMoney.com 4/3/2008 8:37 AM EDT

http://www.thestreet.com/p/_rms/rmoney/technicalanalysis/10410487.html

Friday, April 04, 2008 | 01:15 PM | Permalink | Comments (33) | TrackBack (0)

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Comments

As Mark Haines anchor of CNBC’s "Squawk on the Street said two days ago on MSNBC, it's time to look across the valley and start concentrating on the recovery.

that's just awesome.

Posted by: Michael Donnelly | Apr 4, 2008 1:20:33 PM