The recession is over, but spring isn't totally yet

[Partner24]

http://online.wsj.com/article/BT-CO-20100920-708528.html

 

Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over. Warren Buffett, october 17th 2008

 

The good news is that spring is not over yet (IMO), but that being said, the S&P 500 is approximately 20% higher now than when WEB wrote that.

 

Cheers!