It is not often that something leaves me with my mouth gaping open as I struggle for something to say, but the following quote made by Jack Ablin succeeded. The BBC news item is titled ‘Dow industrials hit pre-crash 13,000 landmark’. Mr Ablin’s astonishing intellect was bought to bear and the remarkable insight that has been reported, is as follows;
“I think it’s a momentous day for investor confidence,” said Jack Ablin, chief investment officer at Harris Private Bank.
“What this number implies is that the financial crisis, that we were all losing sleep over, it never happened because now we’re back.”
I am sure that I heard a collective cheer echoing around the world from the millions of unemployed and homeless who suddenly realised that actually the financial crisis never happened and they can all go back to their previous lives.
Some final considered advice. If you have any money in Harris Private Bank, it might be a good move to take out as soon as you can before Mr Ablin invests it.
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