BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Wsj Readers Turn To The Bullish Side

Market Movers

by Felix Salmon
Main
Markets in Everything, Jingle Mail Edition   Dreaming of Regulatory Cooperation

Recent Blog Posts

Links

Jan 29 2008 12:00am EDT

WSJ Readers Turn to the Bullish Side

What are we to make of the fact that Brian Wesbury's bullish outlook piece in the WSJ spent much of the day atop the most popular list?

The first thought is that it's a bearish sign: so long as there's lots of support for the bull case, markets still have a fair ways to fall.

But I'm not so sure. I think it could just be that investors have heard so much bearishness of late that they find a bullish piece refreshing - as well as a reason not to panic.

And for all that Wesbury is something of a permabull, his piece does make some reasonably good points. Of course it's possible that things are going to get excruciatingly bad. But it's also worth remembering that the US economy does have a habit of surprising on the upside. I'm not as bullish as Wesbury, but I'm still glad he and his ilk are out there, fanning the spirits of optimism and providing a bid to the market.

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More