It seems that pundits are falling over each other in order to decree that the recession is over. Is Daniel Gross right? I don't know if Nouriel Roubini is right, but then again, I don't care either. All I know is that there are still stocks trading for meager multiples, many of them big caps with tons of cash on the balance sheet. Do not get caught up in timing the end of the recession. We won't know officially until well after it's over. Don't be discouraged that you missed the March bottom. After all, we may re-test it. Even if we don't, there are still great companies that are cheap, some justifiably, some not. In fact, stop reading this blog and start looking amongst the wreckage!
No comments:
Post a Comment