Wednesday, March 3, 2010

Living with the sword

Better get used to the daily angst of living with the sword of Damocles swinging overhead.

The world's economic problems are structural in extent, systemic in breadth, and long term in nature.

There are no short term fixes for the imbalances and problems that have been brought to the surface by the financial crisis.

With the possibility of a bomb going off at anytime, the market will struggle for sustained confidence and likely vacillate in ranges.

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