A macroeconomic opinion.
Posted on | August 22, 2009 | No Comments
I recently read a report from the website shadow capitalism. It is called the bull market fallacy. You can find it here. I particularly agree with their ideas on what I consider the misinterpretation of the current market condition. It would not take a very large negative surprise in the world to send the market reeling again. But if you if listen to the financial press, everything seems to be swimming along quite nicely. This is why I am currently only looking for short term Net net or special situations stocks. i believe the current overall market is overvalued. And I am expecting a correction in the next sixty days. Why? Next month is September, traditionally a bad month for the market. Read and let me know what you think.
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