Today is the first anniversary of the bottom of the global stock markets on March 9, 2009. Here is what I wrote that day:
The main optimistic view is that because the U.S. was first into the mess, it will be first out. FIFO in fact.
Since we never have been in a comparable economic downturn in my lifetime, I hesitate to make predictions. But I am sure of one thing: the stock market will not sink to zero. And the U.S. will come back.
I then segued into a recommendation to buy GE which many readers teased me about forever after.
Today’s newsletter is short because I am going to a lunchtime concert. But we have news from Germany, Israel, Britain, Canada, and Brazil.
Full content is available to subscribers only. Subscribe now.