{"id":208,"date":"2009-08-14T13:54:00","date_gmt":"2009-08-14T17:54:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=208"},"modified":"2018-08-23T09:21:26","modified_gmt":"2018-08-23T13:21:26","slug":"take-a-breather","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/08\/14\/take-a-breather\/","title":{"rendered":"Take a breather"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">The financial markets have had several <span id=\"SPELLING_ERROR_0\" class=\"blsp-spelling-corrected\">sizable<\/span> <span id=\"SPELLING_ERROR_1\" class=\"blsp-spelling-corrected\">selloffs<\/span> in the last week. Thank goodness.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Because the second quarter earnings season is essentially over, the emphasis now shifts from responding to the economic-wide insights provided by businesses in their earnings reports, to raw speculation and response to actual economic news. In other words, there is less overall news and more speculation. In this sort of environment, exiting a recession, the importance of actual news is magnified. Earlier this week in the comments section Nate suggested that he would like to see a slow rise out of the recession. I responded that as long as the necessary behavioral and regulatory changes have taken place that I am indifferent to the timing. So have the changes really taken hold? In my opinion, no.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The regulatory changes are especially derailed as public and congressional interest in them wanes. Consumers are drastically changing their behavior and this is a good thing. But my sense is that the financial institutions that led us into this mess have barely changed at all. This is evidenced by the many continued reports of <span id=\"SPELLING_ERROR_2\" class=\"blsp-spelling-error\">outsized<\/span> pay packages awarded to employees of these organizations and the continued abuses of power of their executives, too.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">All of that said, the financial markets from October &#8217;08 to March &#8217;09 were pricing in a GREATEST DEPRESSION and that just didn&#8217;t seem likely. So it was a once-in-a-generation buying opportunity. But now we need to see some real and lasting changes in order to gain confidence in the strength of an ultimate recovery. I am still looking.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Have an outstanding weekend y&#8217;all!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financial markets have had several sizable selloffs in the last week. Thank goodness. Because the second quarter earnings season is essentially over, the emphasis now shifts from responding to the economic-wide insights provided by businesses in their earnings reports, to raw speculation and response to actual economic news. In other words, there is less [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,3],"tags":[],"class_list":["post-208","post","type-post","status-publish","format-standard","hentry","category-best-of-the-blog","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=208"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/208\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}