Yes, indeud, it is 2007 all over again. The only differences: this time around our banks are flush with cash, the housing market already cratered and is now in recovery and US corporations have record amounts of cash on their balance sheets. Valuations are cheap. You can re-read my article from the other day, or you can trust me enough to believe this market is going up until tax day.
During the perverted summer months, people like to partake in drug induced orgies, leaving little time to think, let alone invest, about stocks. When they’re finished, typically sometime in September, they make all sorts of erratic decisions, finally settling down in October through April.
Rinse and Repeat.
If I had cash available, I’d buy RAS and CBG–because both stocks are heading higher.
For now, I am forced to settle for a meager 2.4% return for the day–putting me within 2% of last week’s severe and thorough drubbing.
Short sellers: you’ve been dispatched.
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