Still Betting on the Bull
THE GLOBAL STOCK-MARKET SELLOFF that stunned investors Tuesday looks more like a passing squall than a full-throttle hurricane.
The swift fall fittingly began in China, now the engine of economic growth worldwide, and quickly spread to the U.S., where the major market indexes lost 3% to 4% in a single session. A decline of that magnitude, the worst in four years, understandably inspired fear that the current bull market, which began in October 2002, has come to its untimely end.
Such concerns seem premature, however, because the global economy still looks healthy, equity-market valuations are reasonable in most major markets ...
1 comment:
I also don't subscribe to it. It has a perma bear slant plus it has low ability to move stocks beyond few days.
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