Friday, October 30, 2009

Ghetto Finance Fri 10/30/09: The glass is half full? WTF?

http://www.bloomberg.com/apps/news?pid=20601087&sid=amqUuq8.tRzQ

“The glass may be half full, but it’s filling slowly,” said Alan Gayle.

Me:  The glass if half full, and the government is the bartender.

Consumer sentiment is far from strong.

Me:  No shit Sherlock

Companies have to show that they have a sustainable plan.

Me:  When has this ever been a requirement for American capitalism?

Stocks will advance, but that will happen more selectively, as investors question momentum.

Me:  Stocks will advance, but please keep in mind that most of the action is completely disconnected from the economic reality of normal Americans.

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