Demand Builds as Time Passes
Interesting article at theStreet.com by Clay Fisher, son of legendary investor Ken Fisher of Fisher Investments. Truth be told I thought this was an article by legendary short Doug Kass talking about how he turned more bullish. He called the Generational bottom in March 2009 so I thought this was an article about him turning bullish again. Not really sure how I ended up with an article by Clay, but it was an excellent piece so I'm glad to have read it. His basic premise is the same as mine. Corrections are very rare and the economic data clearly does not backup a further dip in the markets. If the economy does lead into a double dip, it's because the markets pushed the economy into such a scenario as buyers freeze purchasing assets from the fear of a tri-peat (is that even a word) of 2000 and 2008. That is the fear after all isn't it? If this was 1999, nobody would think for a second about delaying the purchase of a house to see what happens in the market. Where have the b...