Weekly discussion of financial markets, economics, politics, and the media. A member of Wall Street's Digital Underground since 1995
Wednesday, May 24, 2006
Excessive Pessimisim
What I find very interesting about the current market environment are twofold, 1) IPO’s and mergers and acquisitions continue to drive the market action implying that large investors are looking at this time period as an inexpensive time to make transactions . 2) Retail investors and the mainstream media are still extremely bearish on the stock market and the entire investment industry bordering on excessive pessimism.
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2 comments:
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