Monday, September 22, 2008

Amurica

And listen you simpleton.  I am not betting against America.  I am betting against America growing quickly enough over the next five years to justify current valuation against the backdrop of a crippled credit market.  The interventions aren't allowing stocks to get cheap enough (again see 1992 and 1980) to be excited about.  Hide in canned goods. 

No comments: