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Legal Commentary

: Economics of Contempt

V-Shaped Recovery in Financial Markets?

By Anonymous

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The Nikkei closed up 14.15%, the DJ Euro Stoxx 50 is currently up 10.7%, and futures indicate a 174-point gain in the Dow tomorrow morning.

Technicians assured me that we would see modest gains, followed by a retesting of lows, and would crawl our way back to more reasonable levels in fits and starts. An L-shaped period would slowly morph into a U-shaped recovery, they insisted.

I know it's only been 1.5 days, but this looks pretty friggin' V-shaped to me!

Full post as published by Economics of Contempt on October 14, 2008 (boomark / email).

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