Friday, October 30, 2009
The US Economic is Back!
The US economy is back on growth path again. The bearish camp will continue to argue weak employment lead to weak spending, economy on stimulus steroid, unrecognized write down will bring down the stock markets. I would at this point searching for hints of governments plan to remove excess liquidity rather than making good bearish arguments.
S&P closed at 1066, up by 60% from mid March '09(666). This entry is for future record demonstrating how market is pricing ahead of actual recovery(3-6 months ahead).