Since early May, the market has begun a process of correction. The crisis in Europe, the
economic slowdown in China and the uncertainties in the U.S. have contributed to this behavior. In the last week, market analysts and
fund managers have left the media to confront their ideas about the future of the stock market. Below I present an optimistic report of this situation.
Finding reasons not to like the current stock market doesn't take much work, as the faltering U.S. economy, European debt crisis and looming fiscal cliff makes the job pretty easy.
But devising a list to be bullish — after one dismisses the usual "stocks are cheap" and "best house in a bad neighborhood" platitudes — takes some work, especially if your natural inclination is that the market is heading lower.
Nicholas Colas, the ConvergEx chief market strategist and principal wordsmith — his daily research notes are quite likely the most colorful on Wall Street — showed Friday that he's up to the task. ... Continue to read.
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