The stock price completely recovered from the 2008 Financial Meltdown, rose as high as $116 in May 2011, then corrected down to $67 with the early October lows in the stock market.
The Greek economy is puny. The city of Los Angeles has more economic activity. But the lessons of Greece are large.
For the time being, it appears that inflation in China is under control. While we may not get an official announcement about a monetary easing policy until later this year, I believe we’ll at least see a quiet end to the tightening. And a China that’s back online with spending and lending, my friends, is very bullish.
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