From Clusterstock:
There are indeed some signs that the worst might be over for the economy. Which is why the violent rally in the stock market isn't obviously a sucker's rally.
(If it were obvious, it wouldn't suck so many people in. The folks who fall for bear-market rallies aren't morons).
Paul Kasriel of Northern Trust was way ahead of the curve in spotting the downturn. In the past month or so, he's turned more bullish, and he is now more confident in his forecast that economic growth will resume in Q4. Here's a synopsis of his current thinking...
Read full article...
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