This is scary. I was listening to the Yahoo finance wrap up and I heard a number of unsettling comments from the commentators.
One said that we have maybe seen the last recession in our life times. What! This sounds like the old statement that "this time it is different"
Tech stocks are acting like bond proxies. Saying that CF's of tech stocks are more stable than utilities. What! That is a scary statement.
The general euphoria in the commentators was a little indicative of market going into overdrive. Wow, cowboy! Settle down buckaroo.
Good thing Sam Ro came out with some information that balanced the euphoria. I do think the others thought he brought them down a little (Sam is a CFA charterholder).
Be careful. This is the point to keep calm while the whole party is "slamming down shots of tequila"! Do you want a hang over tomorrow?
