Tuesday, May 19, 2009

Irrational exhuberence

Global companies are still cutting jobs, companies are still going bankrupt, trade is nowhere near 2007 levels and the flu continues its ominous march.

Nonetheless I have finally decided to put some money into equities, investing in one commodities counter and one local transportation counter. Well, in bad times people still need to eat and travel to work, or at least to look for work don't they?

Nonetheless if investers are confident of the economy, it's a self fulfilling prophecy, or so my wallet hopes.

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