Thursday, January 10, 2008

The economy will be fine if the pundits would only shut up!

The stock market is anxious enough without the regular and unwelcome remarks made by Federal Reserve members and investment management firm analysts.

Their talk is cheap unless you are an investor. And the mere thought of Barack Obama in the White House with his all-together-now talk is positively scary.

BUT, Bernanke spoke again today and says the Fed "stands ready" to cut interest rates. The market shot up, so maybe that will silence the recession-hungry pundits. Great statement by Larry Kudlow: "the market has predicted 20 out of the last 8 recessions" (not his original statement, but still great).

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