Wednesday, September 23, 2009

The three pseudo bulls on Wall Street

Wall Street would like to think that the tumult of the last 18 months was a blip, that the credit crisis was a momentary anomaly, like the Phillies winning the World Series or the popularity of Lady Gaga.

Clinging to this theory, the bulls point to the market's rally, the burgeoning recovery heralded as "very likely" by Federal Reserve Chairman Ben Bernanke and the capital markets that have churned to life.

http://www.marketwatch.com/m/story/9afe4b3f-f6da-430e-91fb-33f8c6106785/0

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