A quote from today's New York Times: “Stocks look cheap,” said Jeff Saut, the chief investment strategist at Raymond James & Associates in St. Petersburg, Fla. “Earnings look really good. The consumer is in better shape than the headlines would suggest. Corporations are flush with cash, and it’s cheaper to buy assets than to build them. There’s not a whole lot of downside for stocks. We may challenge the highs for the year.”
Hey, maybe he thinks the bridge is cheap too...(view of Brooklyn Bridge was from the World Trade Center Observatory)
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