Random Roger is convinced (blog, look at May 2, 2008 entry):
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Feel good rallies are a normal part of the bear market landscape. This is either a run of the mill feel good rally or I am wrong and this whole financial crisis/housing price deflation/bond market distortion will turn out to be nowhere near as important as many people thought.
What do you think is more likely?
I am convinced this is a bear market rally, there is no convincing me otherwise. That does not guarantee I will be right of course
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Positions: long BRKB, hedged longs: HON, AXP
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