Brian Wesbury of First Trust Advisors essentially says in today's WSJ, "If things are so bad, why are they so good?" An excerpt:
Because all debt rests on a foundation of real economic activity, and the real economy is still resilient, the current red alert about a crashing house of cards looks like another false alarm. Warren Buffett, Wilbur Ross and Bank of America are buying, and there is still $1.1 trillion in corporate cash on the books. The bench of potential buyers on the sidelines is deep and strong. Dow 15,000 looks much more likely than Dow 10,000. Keep the faith and stay invested. It's a wonderful buying opportunity.
ALSO, I highly recommend using First Trust Advisors' free online financial and economic resources. Market commentary, economic calendars and forecasts, model portfolios, and much more is available from http://www.ftadvisors.com/.
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2 comments:
I find that the talking heads who trumpted recession are now caught with their legs between their tails as the fed loosens to boost capital investment activities
Great commentary
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