Investors are befuddled. They can't believe that either the market decline or economic downturn is over. They're dead wrong.
Once again Chicken Little has been proved wrong. The financial crisis, portrayed in the media as a financial Armageddon on par with the Great Depression, has somehow delivered us a 64% stock rally in nine months. Isn't it curious how all the sky-is-falling predictions are now hard to find?
To judge from the flows of savings into Treasurys and high-quality corporate bonds, neither yielding more than a pittance, most investors are befuddled. They can't accept that either the market decline or the economic downturn is over. Are they right to hesitate? Nope. They're dead wrong.
Buy: UNH, ADM, VLO
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