Friday, August 24, 2007
Macro Man was surprised to read recently that “everyone” expects a W-shaped pattern for risk assets; e.g., the current bounce to fail and lead to a re-test of the lows, which should then be bought. While this is a pretty accurate description of his own forecast scenario, the amount of pushback he’s received left him with the belief that it was not a commonly-held view.
He is curious to find out more. So please, if you have a second, participate in the poll below, wherein a V implies that the current rally keeps right on truckin’, a W is the Macro Man scenario, and a lambda (Λ) implies that the current bounce fails and morphs into a new bear market for risky assets.