January 26, 2009 at 12:45 PM EST
Fast Money, Vast Money, Crevassed Money
Most market participants concern themselves with price rather than time. Price is supposed to be the value of an asset at any given time. However the future path of prices is determined by time. There is a synthesis of these 2  which may be called the "market phase."Time and price are dependent on and describe the market phase. Equities are now in a compound "hope and reprieve" phase according to market semiotics. Thus some hopeful albeit temporary improvement in financial culture is due. No matter how investors may rationalize the price of an asset markets take time to unfold. Mr. Market may have a 7-year ...
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