Thursday, March 5, 2009

Attention Kmart Shoppers

President Obama echoed the sentiment of my most recent blog post this Tuesday when he said, "What you're now seeing is profit and earning ratios starting to get to the point where buying stocks is a potentially good deal," he said, "if you've got a long-term perspective on it."

As it's not usually the place of the president to speak on such specific matters, the White House press secretary hastened to clarify that we shouldn't "overly read into" the statement.

Yes, certainly we should exercise caution- making informed decisions for our own individual portfolios and not acting blindly on any one person's assertions or observations.

But you don't need to be an economic scholar to know a fire sale when you see one.

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