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Wednesday, October 29, 2008 12:00 AM

Investor euphoria amid a global recession

What's wrong with this picture? Stocks go up while the global economy goes down, down, down
Andrew Leonard

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  • Wednesday, October 29, 2008 07:22 AM

    I wouldn't be surprised if some of this is capital flight

    into the US economy from the developing nations', as we're seeing signs of credit becoming available at the institutional level, and they are having trouble. Also, there may simply be some bargain hunting going on.. I for one have been snapping stocks up all month with absurdly low valuations.

    —pragma Read pragma's other letters

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