Not Ready to Delink

 | Aug 16, 2011 | 12:11 PM EDT  | Comments
  • Comment
  • Print Print
  • Print

We want to delink. We want to be separate from Europe. We want to say, "OK, industrial production, excellent; utilization, terrific; we're coming back." We want to say, "Look, Japan kept us back and Japan's now going in the right direction, so that country can be the engine driving us."

But the problem is that Europe's woes are too big, and the fallout from failed strategies too large, to say, "We're out of the woods."

Now it is awfully binary. If Germany and France do the right thing, we are going to rally. What matters, though, is that the flipside is true, too.

So we wait. And we wish. We wish we mattered as much. We wish our banks were so strong that they can withstand a blowup of a SocGen.

Not there yet.

Columnist Conversations

Kass:
I would continue to avoid Altisource. I will have a comprehensive review of Ocwen on Monday. This miss will no...
*SAUDI ARABIA SAID TO CUT CRUDE OIL SUPPLY TO MARKET IN SEPT.
Lang:
V bottoms -- just painful if you miss them, but even MORE painful if you get trapped in a short position and c...
Bulls--> +7% to 50% Bears--> -11% to 22% Neutrals--> +4% to 28%

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.