ed auerbach

Pulp Fiction: The Latest GDP Revisions

So what? Unemployment is under 6%. Housing at a median of $212,000 is now affordable for 1st time buyers and there is $3.6 trillion in money markets with $1.4 trillion in 401s and lets be honest, most homeowners still have lots of real equity in their homes. We're rich!!, working and last I read India is still growing at 7.9% and China at 11% (even if stocks are down 55%--might be a buying moment here). As long as we work and supply BRIC we're going to be just fine and whether we're in a recession or a turndown we will soon turn the corner and start the next bull cycle. There are tons of quality stocks with decent to great growth prospects selling at pe's under 10. I love bears, specially of the perma vartity. They seem to have forgotten the old market axiom: "bull markets climb a wall of worry". Keep worrying brothers. I'm doing a little buying.