Academic

SO THE MARKETS ARE way up. Well, compared to their low, anyway, not compared to where they were whe?

By Glenn Reynolds

SO THE MARKETS ARE way up. Well, compared to their low, anyway, not compared to where they were when Obama was sworn in. But is it a sucker’s rally? Hey, if I knew that, I’d be trading, not blogging. I don’t really see how the economic future looks brighter, though, given the out-of-control spending and growing unemployment numbers. On the other hand, if you’re worried about inflation, maybe it makes sense to pile into equities?

Full post as published by Instapundit.com on May 09, 2009 (boomark / email).