Dr Ray Perryman, economics professor at Baylor and a financial consultant, told a Baylor Network meeting (that Ryan and I attended) this morning to stay the course with the stock market. He says the recession will last 1 quarter, or 2 at most, and economic recovery will be evident by the 2nd half of 2009. He also said the government intervention was absolutely necessary, but flawed and will be reworked.
Dr Perryman also said that the key indices to watch are the Treasury bill rate vs the bank-to-bank lending rate. It is a good sign when they are closely aligned.
Dr Perryman's website:
http://www.perrymangroup.com/
Paul
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