Thursday, October 16, 2008

The First Flower of Spring?

I like Barry Ritholz. I think he tells the story straight. He is now saying the worst is over for the stock market plunge. I sure hope so. The loss of trillions of dollars will affect the economy via the "wealth effect" (if people feel poorer, they spend less). The economy needs an injection of hope and cash. A stock market rally is the medicine needed...

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