Saturday, July 25, 2009

Added "News from 1930"

This is a fun site that posts news from the WSJ on the current date in 1930.

The economic headlines have interesting parallels.

"Consensus that business will improve seasonally in fall, but while optimists expect improvement to continue through winter, conservative authorities expect another slowdown in winter, and sustained upturn not until spring of 1931, and therefore continue to advise selling stocks on rallies and waiting for breaks to buy.

Reported industrial earnings so far have been considerably better than expected."

It seems recovery is always just around the corner.

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