Where to Be When The 'Sugar High' Fades

摘要

Every few months, I host a dinner party in New York with my favorite analyst and money manager clients. They tend to be fairly skeptical about the stock market. Someone will break out gold coins and say he's a big owner. Others will talk about their gun of choice in case the economy collapses. It can get very dark, but at a recent dinner, guests were much more optimistic. Some were saying that profits look great and that U.S. stocks should do well after we've already rallied 75 percent. So it appears the grizzlies have capitulated.