Friday, May 8, 2009

The Great Re-Leveraging

It's time to buy.

Over the last 30 days, a new wave of liquidity has hit Wall Street. Real estate companies are suddenly able to raise new equity at attractive prices. And big banks, which the government says need billions in additional capital, have seen their share prices rally substantially - a sign that plenty of money is now available. That clearly shows the government's efforts to stimulate the economy and provide more liquidity to the market is now working.

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