This Unflappable Market
This past week the market had every reason and excuse to go down. Data seems to show the U.S. economy may be slowing, China is coming in for a soft landing and more leaks have sprung in Europe. The Federal Reserve seems to be in a quandary, wanting to do something but unable or unwilling to make a move. The constant use of lip service is bold, but it's weakened as time has gone by. Earnings season has been generally good, but companies are being a bit more guarded about the future.
There's no surprise about the caution, of course, but the tone that I'm hearing is mostly one of optimism over the longer term -- and that should bring hope to those looking for a sustainable recovery. Markets are sniffing out this optimism and continue to repel all that is bad. How long can that continue? Won't folks want to take profits at some point? The market is up double-digits for the year -- is there any better time?...494 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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