If we really catch Osama, as it seems as if we soon may, that’s the kind of great news that could easily touch off a rally – Lord knows there’s a ton of cash of the sidelines, including a gram or two of my own. And if there were some kind of good surprise with Iraq, the market could go over the moon – short term.
My own sense (and I would be first to agree my own sense is not worth a whole lot, and that timing the market is all but impossible for anyone) is that the values, for the most part, are just not yet that compelling, and that the economic challenges and uncertainties are still awfully great. So even if we get lucky, I’d be surprised if, as a general proposition, stocks, bonds, or real estate have hit bottom.
And if things should go badly in Iraq and its aftermath, as they well may, times could get tougher.
Well – you asked.
And now, on an entirely different topic . . .
Quote of the Day
Farming looks mighty easy when your plow is a pencil and you're a thousand miles from the corn field.~Dwight Eisnehower
Request email delivery
- Feb 21:
The Case For A Conservative Boycott
- Feb 19:
You Don’t Think Smart People Can Be Scammed?
- Feb 17:
Long-Weekend Reading: The Compelling Nonpartisan Case For A Boycott
- Feb 15:
Coats: We Are Under Attack
- Feb 14:
The Rabbi’s Hat
- Feb 13:
TED’s Playlist for a Long Life
- Feb 12:
Pre-Empting The October Surprise
- Feb 9:
The Least Worst — and Six Trends For 2018
- Feb 8:
My Friend Wrote A Book; WheelTug Signed SunExpress
- Feb 6:
The Market. But First, Humor.
- Feb 21: