Chris Rupkey

Investors went bargain shopping the day after Christmas Eve, where stocks just got too cheap relative to earnings, future earnings, any reasonable assessment of earnings, the coast is clear, back up the truck, investors are saying enough already, the world is not ending.

Time will tell if companies should be more vigilant about expansion plans and limit inventories and capex in the current environment where the economic outlook remains highly uncertain, the economy isn't back to normal regardless of what these upbeat surveys of purchasing manager executives are telling us.