Wednesday, June 10, 2009

“It's the dumb money,”

“It's the dumb money that thinks you can correct a generation-long period of credit growth in 24 months...with less than 10% unemployment.

“Stocks have now been in a rally for three months. The longer this goes on, of course, the dumber money gets. People come to think the bounce is a permanent bull market.”

Bill Bonner

No comments:

Post a Comment