Check out the new cover of Time magazine (see below).
Here’s Krugman on the magazine cover curse after Fed Chairman Bernanke was named Time’s 2009 Person of the Year,
… Be afraid, be very afraid.
The magazine cover curse is a well-known phenomenon: you should always short the stock of a company whose CEO is the subject of a glowing cover story in a major magazine.
- Paul Krugman, December 2009
Short this Bull? No way! Not yet.
To be fair the Time cover story is really about how financial reform over the past five years is more myth than fact. Here’s a little snippet,
The biggest banks in the country are larger and more powerful than they were before the crisis, and finance is a greater percentage of our economy than ever.
Given all this, is your money really any safer over the long haul than it was five years ago?
(click here if picture is not observable)