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Ignore the Economic Reports, Even if You Can’t Ignore the Pain

William Patalon (October 5th, 2008) Writes:
The economic releases now (and for the immediate future) will be weak – that’s a given. Therefore, investors should give them a passing glance, evaluate the consequences and potential remedies, and move on.  In fact, the bigger picture should focus on how to correct these assorted problems. Expect plenty of over-analysis of the provisions of the revised bailout plan, as “experts” debate the merits of the overall terms and try to determine if – and how – the bailout plan will work – and who it will benefit. (Does anyone in Congress even understand mark-to-market accounting?) Politicians will be politicians - they just can’t help themselves.  Plenty of back-slapping and blame-placing is inevitable as the campaign season heats up and they try to prove to voters that they personally are not the problems in Washington today (everyone else is). As the new quarter begins, portfolio ...

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