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December 9, 2008

Steinhardt on Stocks: Known Economic Unknowns

While former hedge fund manager deity Michael Steinhardt thinks this is likely the right time to be buying stocks -- even if he concedes he's not convinced we've touched the final lows -- he makes some provocative comments about the massive, known economic unknowns out there.

I don't know and no one else knows, the impact of all that is happening and will soon happen in terms of what the government is about to throw into the world. 

The flow of dollars to be inappropriately and promiscuously thrown into the economy, it will be vast. Things are happening here that I find so negative, so far afield from what our system will be.

via Reuters

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