Stanley Bing: I See Recovery in July
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Word comes from an official at Bank of America that the decompression that we're in right now will end in the fourth quarter of 2009. I don't know about you, but I don't want to wait that long.
This isn't the first time I've heard the prediction, though. I was in a staff meeting last week and a financial type iterated the same supposition. I asked him whether, since he had a handle on the whole prognostication gambit, he could arrange for the turnaround to happen a bit earlier. He said no.
But my question remains. If a consensus of opinion is now building on the issue of resurgence timing, why shouldn't some of us stake out a bullish position at this juncture? I'm positing that the voices now being heard are from the more conservative members of the sector, who are gently and tentatively sending out feelers, as groundhogs do on their given day, for signs of spring. Is it possible that some of the more bold among us, who have not been shy for the last 10 years or so, motivate themselves to do what they do best? ...
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