Suckers Rally

So, we have Nobel Prize winning economist Paul Krugman saying that a rapid recovery is highly unlikely, and we have Andy Kessler, in the (web) pages of the Wall Street Journal noting the obvious, that, "You can have a jobless recovery but you can't have a profitless one," and saying that this sounds like a suckers rally.

One more bit of confirming data to support this is the fact that the main stream media, in the personage of ABC is writing stories saying that, "There is a growing belief among financial experts that the recession is over."

It's not just that these "financial experts" were generally the ones who were wrong about deregulation of the markets and the housing bubble. It's that these "financial experts" are always wrong.

The cause of this recession is a rot at the core of our financial institutions, and I haven't seen anyone chopping down trees to prevent "Wall Street Elm Disease" from spreading yet.

I'm not looking for a real turnaround until we start seeing "no end in sight" stories from these "financial experts," so I call suckers rally.