Wednesday, February 1, 2012

All Aboard the Gravy Train


From Bloomberg online:
Global Strategists Abandoning Bearish Views
(By Michael Patterson and Inyoung Hwang - Feb 2, 2012 12:00 AM GMT+0800)

excerpt:
Just two weeks after saying that investors should “remain cautious,” Larry Hatheway, the chief economist at UBS AG (UBSN), raised his recommendations on global shares and high-yield bonds in a Jan. 23 note to customers entitled, “Wrong, but not too late.”

Amazing....setting ourselves up for the big fall? who cares, get it while it's hot!

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