Tuesday, May 12, 2009

The Pathological Weakness of the Financial Memory

Arianna's got a good one today.

Yesterday we were in the car and Suellen had a stock market program on the radio. I was amazed that two of their "stock market analysts" said we're now in a bull market. The economy is not in free-fall right now, and that's a major accomplishment. But the economy is still shedding jobs left and right.

Here, via dshort.com is your bull market (the dark blue line shows market performance since October 2007):

We're not out of the woods yet, folks. Not by a long shot.

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