PARIS – Yesterday, we reported that the U.S. manufacturing sector shrank for the fifth month in a row in December….
As expected, Wall Street’s shills were out in force yesterday. And the Dow rebounded from Tuesday’s rout – up 293 points. CNBC assured investors that the “U.S. is a place you should be investing.” And Bloomberg explained that, “based on history,” investors could expect to wait no more than four months until the stock market fully recovers.
At the Diary, we always look on the bright side: We see opportunity everywhere. Investors in U.S. stocks seemed to wake up yesterday with a start. They didn’t panic. But they were at least beginning to worry. The Dow dropped 261 points – wiping 1.5% off its value.