In the August 16-August 29 Bloomberg BusinessWeek, there is a quote from Jeremy Siegel in which he says, “The stock market’s telling us there’s some good things happening. And I don’t think it’s only what they think Bernanke is going to say. There is now a very broad consensus that this…is not going to develop into a double-dip.”
Although I don’t agree with this quote, it is interesting for a variety of reasons. It appears to echo the belief of many at this juncture.
For now, I will not further comment on it; however, I may reference it in future posts…
A Special Note concerning our economic situation is found here
SPX at 1050.80 as this post is written