'Suicide-tight underwriting' pervades markets

Flickr image by royblumenthal.

To "V" or not to "V" ... that is the question.

The optimists see the steep far side, the middle-roaders see bottom nearby, and the skeptics see the economy still declining, just slower, with possible multiple bottoms ahead.

A 0.4 percent drop in April retail sales was less than the 1.3 percent dive in March, but the weakness still surprised the optimists, who are happy today with an "only" 0.5 percent decline in April industrial production.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.