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  • Another Perma-Bear Converts To Bullish-ism - Barron's [View article]
    These posts prove that the same is true now for stocks that was true for oil back in the spring: everyone was an oil bull then, when GS & T. Boone predicted oil would go to $200, and the futures were rising almost everyday.

    Now that stocks have been on a downturn and everyone is scared and the bears rule the airwaves, then all investors see nothing but downside for stocks.

    As I warned, albeit a little early, this summer, that oil would crash as would commodities, the same is true of stocks: they will take off to the upside (at least for a while) forseeing the results of lower interest rates and the Fed & Treasury pumping over $2 trillion into the economy.

    Even an Obama win this week will be trumped for a while by the $2 trillion in economic fuel. However, eventually, if he's elected and gets what he really wants to do passed, equity investments will suffer greatly.

    Molly
    Nov 02 23:15 pm |Rating: +1 -1
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