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We Haven’t Seen the Third Act Yet
The Compound and Friends
The Stock Market Overreacted to the Downside?
Stocks are a scrimming bo and it's apparent by the end of this year, not every stock, but many stocks, wared down too much. The act, youkow, we haven't seen the third act of the play, and that is the fed is going to get out of the fixed income market. And we have commercial banks that provide no liquidity to the fixedincome market. So that is where the breakage can happen. It may be a little bit abstract for equity investors, but it's still like everyone needs to borrow money.
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