Greed Anyone?

Greed is good!*  In a capitalist market economy, ambition, nerve, and initiative are often rewarded. These are all aspects of the concept of greed and are necessary to move the economy forward. After a stock market correction, it is time to pick up some bargains. What else would any rational investor conclude?

Last week, the Bull noted that technical indicators were signaling a potential turnaround. They are giving an even stronger signal now. Has the bell rung? Only time will tell, but why not do a little buying? It is certainly too late to get defensive. Take heart and stay steady my friends.

The Lonely Bull

*Gordon Gekko, “Wall Street”