Optimism about U.S. stocks among newsletter writers slid to the lowest level since July 1994.Contrarians view this as good news. In this regard, note that 1994 was a pretty good time to buy stocks.
Random Observations for Students of Economics
I am the Robert M. Beren Professor of Economics at Harvard University, where I teach introductory economics (ec 10). I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.