Monday, March 9, 2009
Dow nearing "bottom," Obama encouraged
Pundits, economists and even a few normal people have been wondering when the market will hit bottom and stop going down. Warren Buffet said today that we were very close. This is good news. Just a week or so ago he said the economy was "in shambles." Nobody really knows what a shambles is. The market is seeking clarity, and vague words like "shambles" just contribute to the increasing uncertainty. Thankfully, today Buffet said the "economy has gone over a cliff." Nothing vague about that, hallelujah! Better still - we all know that when one has gone over a cliff, one is mere moments away from finally reaching the bottom! Yay for Obama!