Friday, March 13, 2009
Audacity of Hope
Stocks are going up this week, a very strange and unusual event, lately it has been all pessimism, and in fact it got so bad that it was a ray of hope, that perhaps we can finally bottom out. Some have called DOW 5K, but this has been a healthy bounce, which could be a bottom, but you have to remain skeptical. The best argument for it bouncing is that we are going to get inflation soon, this deflects the worry off of stocks or housing, inflation can cure low stock and housing prices. I bought some AMR and C this week.