Market Seers Envision Dark Clouds - Barrons.com
Our dear writer posits "Rather, we feel obliged to point out that it's rarely a prelude to a serious bear market when the air is thick with forebodings."
However, one does ponder whether Obama has serious forebodings in relation to his fiscal and social entitlement and anti-business policies; and, one can't help but wonder how quickly the maelstrom descended on the Greek economy just after an election in which politicians continued to hand out jobs and other benefits as though there was no end in sight.
Somehow the idea of no problem with French or US deficits and burden all the other sovereign debt represents where 'austerity' really means 'higher taxes' and (only hoped for but stifled) growth - well, its sure seems like a bubble; and, like all bubbles there's a great feel-good feeling until the bubble quickly starts to deflate. Or, in this case, the camel being loaded down with cheap debt finally decides enough is enough and it sits down.
We've seen it with Greece, Portugal, Spain has been really in the headlines.
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