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Prieur’s readings (September 21, 2009)
Prieur du Plessis (September 21st, 2009) Writes:
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.
• Richard Beales (The New York Times): Exuberance defies sober new reality, September 17, 2009. Is irrational exuberance back in the markets? Evidence abounds that it may be. With financial chaos abating, the return of risk appetite in stock and lending markets is logical - up to a point. But risk-taking that aspires to the boom-time norm, rather than a more sober new reality, could be premature and dangerous.
• James Grant (The Wall Street Journal): From bear to bull, September 19, 2009. Grant argues the latest gloomy forecasts ignore an important lesson of history: The deeper the slump, the zippier the recovery.
• John Hussman (Hussman Funds): Strenuously overbought, September 22, 2009. Our measures of market action
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