James Pethokoukis

Politics and policy from inside Washington

Is the stock market splitting open like a boiled peanut?

September 1, 2009

Fellow Reuters columnist Agnes Crane see trouble ahead:

Turn the calendar to September and markets are fixated about potential problems at the banks again. The obsession with September being a bad month for stocks and for the world in general has nothing to do with it, I’m sure.

I’m certainly the last person to downplay the still tough road ahead given the state of the U.S. consumer, commercial real estate and the excesses that still need to be wrung out of the system, but the fickle trading, especially in the stock market this summer, has made it difficult to read too much into the daily moves.

Comments

The problems we uncovered with the leveraging residential real estate are going to be even more frightening for commercial real estate.Do not forget,the same formula and mentatlity were applied.”Bundling good with not so good” still applies.

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