Como se combate o populismo? "Com eleições", responde Fukuyama

[Ulisses Pereira]

Muito curiosa e altamente especulativa esta opinião do Cramer...

Take Heart in the Lively Bank Index

By James J. Cramer
RealMoney.com Columnist
12/27/2005 10:50 AM EST



"You have to believe that a whole index, which is definitively in break-out mode, just can't be lying. Yet, these are precisely the banks that are supposed to be crippled, hobbled in fact, by the credit-derived recession that an inverted yield curve says must happen.

So difficult to go against the inverted yield curve, so intellectually non-rigorous to say that this time it is different and that we won't get a recession. It's so without grounding to say that the 10-year is about to go down big, and the yield go up huge.

Yet, this BKX index is simply not about to be denied its higher ground, and the banks that are leading it are the ones that have the most earnings problems in an inverted yield curve world.

What, in my own fantasy, are these banks saying? That Ben Bernanke, six months from now, will be cutting short-term rates.

I know. It seems too stupid for words, but I can only tell you what I am seeing in an index that just won't quit when it should be getting killed! "

(in www.realmoney.com)