Biggest Rally in 76 Years Not Dead Yet as Seers See More to Come for Obama Laszlo Birinyi will never forget
the moment a year ago when the last ounce of confidence
disappeared. Everyone from billionaire Warren Buffett to New
York University Professor Nouriel Roubini was convinced that the
economy was in a free-fall, that exploding deficits would
devastate the dollar and that home prices were heading down as
much as 20 percent.
Investors Turn Bullish on Stocks Worldwide as Concern About Greece Wanes Investor confidence returned to
stocks from New York to Paris to Tokyo on growing signs that the
budget crisis in Greece won’t derail the global economy.
Defaults May Signal Bursting Muni Junk Bubble After 30% High-Yield Surge Investors in search of better
returns poured $7.8 billion into high-yield municipal bond funds
last year, pushing assets to a two-year high. They may start
experiencing losses as early as this year as default risks grow.
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