Wednesday, April 29, 2009Today's stock market rally leaves me asking:
A few months ago everybody was worried if the world is headed for Depression. Now the answer is clear from the GDP data released today: America's economy has contracted more than 12% over the last two quarters. That beats even the initial devastation of the Great Depression.
How does Wall Street greet the news? With "buy, buy, buy!"
Good. Let the market climb. Let the baseless euphoria reinforce itself.
I'll be looking forward to making my first ever investment soon. Come 9,000 on the Dow I'm gonna put some disposable money into short-selling. If I take care, I think I can expect fabulous returns.
Posted by Penn @ 12:25 PM | |