Attention, Permabears

My old friend, Stefan Abrams, sent me the following email earlier this morning. Stefan is a managing partner at Bryden-Abrams Investment Management and a regular guest on Kudlow & Company. He's also a savvy Wall Street veteran who knows a thing or two about the markets...

----- Original Message -----
From: Stefan Abrams
To: Lawrence Kudlow
Sent: Thursday, April 17, 2008 10:57 AM
Subject: Permabears

As large, multinational industrials come through with good first quarter results and encouraging guidance going forward; as stocks that miss no longer get crushed, as the market shakes off bad macro news, most of which is redundant, as the rates of contraction in various sectors begin to level off, as the stimulus package approaches, as the massive amount of cash on the sidelines starts bargain hunting, etc.,etc., your cast of permabears needs to find some new reasons to ignore this emerging bottom for equities. All the best, Stefan