Here is an interesting view, written before the Tuesday rally, the biggest or this year and the largest single day gain in many, many years (NY Times: investors found a glimmer of optimism in the financial sector. The Dow Jones industrial average closed up 379.44 points, or 5.8 percent, at 6,926.49, while the Standard & Poor’s 500-stock index was up 6.4 percent and the Nasdaq composite index rose 7.1 percent)

(You can read more at [pdf])

Again, Mr. Grantham is an investor with the perspective of history coaching us all on how to proceed in these times when holding to your investment strategy is a challenge!

Good luck,

Steven