Charles Smith at OfTwoMinds is predicting a furious up-tick in the stock market next week.
Won’t that be handy for McCain?
There is $6 trillion sitting on the sidelines in the U.S. alone, and trillions more in non-U.S. accounts ready to jump in once a “bottom” has been “officially” recognized. Not everyone has been wiped out in the past 6-week decline.
It’s like he says. Nothing moves in a straight line.