Tuesday, April 21, 2009

Suckers ...

Financial experts continue to predict gloom and doom about the economy despite the recent run up. Nouriel Roubini, a respected expert and a professor at New York University's business school and former adviser at the U.S Treasury Department said "It's not a true recovery. It's just a bear-market rally, it's a suckers rally."in Hong Kong. So who's right? Who knows? Watch and wait.

The big question is probably what to do about it if the gloom and doomers are on the right page? A financial meltdown is not going to be pretty.

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