Blast from the Past

One of the most important rules of investing is to never let your political views dictate how you invest. Here’s exhibit A:

“It is no wonder that markets are imploding around us. Obama is giving us the War on Business.”

– Kevin “Dow 36,000” Hassett, March 9, 2009

There’s more:

Two days later, Nouriel Roubini, the NYU economist who called the economic collapse, would issue his next forecast: “How Low Can the Stock Market Go?” his article in Forbes asked. “Lower … much lower,” was his answer. “Expect … new lows reached in the next months and the year ahead.”

(HT: Morgan Housel)

Posted by on March 9th, 2012 at 12:40 pm


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