
Why Worry About Whitney?

By Rev Shark
About this article:
Meredith Whitney made some bearish comments and took some steam out of the market in the final hour, but it was still a tremendously strong day, with around four-to-one positive breadth and new annual highs in the major indices. Volume was mediocre yet again, but, as I discussed earlier, it just doesn't seem to matter.
I see some complaints about Meredith Whitney on the site and my reaction is that we are in a market where fundamentals are irrelevant, so why would anyone worry about what she has to say. When we start worrying about fundamentals once again, then maybe she will have something valuable to say, but for now, the only thing that matters in this market is that the dollar is sinking like a rock and there is a flood of cash looking for a better alternative than 0% interest rates.
We are riding...

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