Tuesday, January 19, 2010

Saw this on Slope of Hope.....Great Post Tim!

Ok, so I'm re-posting an absolutely great post I just read by Tim Knight on one of my favorite blogs (hope you don't mind Tim)...check it out at: Slope of Hope
"This is a bull market.......The difference this time is the speed at which companies adjusted and cut their costs. We all know that when a recovery does take hold, the rebound in earnings is going to be very dramatic." - CIBC Asset Management, October 2009

For old-timers on Slope, you may remember reading this before........

"...industrialists have been cutting costs and increasing efficiency. This will increase profit margins when the recovery comes." - Wall Street Journal - July 11, 1930.

Dow Jones Industrial Average (1929-1932)

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