Wednesday, January 16, 2008

Out of their minds?

On TSC, Dick Arms, Adam Oliensis and, to some extent, Helene Meisler are all pointing to their charts and saying that stocks have reached a level of extreme oversoldness, not seen since Adam Smith was a pup. They wouldn't be surprised by a rally of any duration.

Meanwhile, Cramer says we are in a deflationary downdraft, spiraling helplessly out of control toward the cold, cold ground. Mark Manning sees no bottom, despite looking for one really hard.

Doug Kass says buy C and put it in your old kit bag.

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