They say to buy when there’s blood in the streets.
Does this count?
Hardly.
Many indexes around the world are just a few basis points from new highs. Most stocks in America have been rallying for 9 months.
But sure, there’s a little blood, with some of these small regional banks disappearing. But depositors are keeping their money, so the only cost is a few people lost their jobs.
Good. Unemployment is way too low anyway. [Read more…]