The Good News Economist

Time to Venture Out of the Cave?

Tom,

I agree with you that it is time to take a peek out of the cave. (If indeed you were in one). I don't know about the individual sectors, but you are right about those many big guys with dirty fingernails laying down big bets.

The biggest fish that I'm watching is Warren Buffet.
mast-economy.blogspot....

Folks can argue that he's wrong, that his bets in 1974 are nothing like his bets today. But no doubt the guy is salivating right now. Does he care that is positions are down 4-50%, not at all.

I don't have a clue either. But Buffet reads all day, has crust under his nails, and a bankroll larger than any of us can imagine.

Signals may be mixed, but I don't think it is that complicated. My bet is that the rich man gets richer.