2009 is not a bad year for the market. It clears out both extremes. The leverage on corporations are down and profits are up. But there are some new bubbles are forming. I hope Fed will start to tight early to fight hew bubbles, not inflation.
Financials in U.S have corrected quite bit. I expect a bounce soon given the wide spread of yield curve. I bought 200 BAC @15.15 today
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