Believe it or Not, the Bullish Case Still Holds
I saw a blurb on CNBC last week that said strategic investor Dennis Gartman was moving to the sidelines. Meanwhile, Real Money's own Doug Kass is concerned about a triple-top for the S&P 500. So I get the bear case. It holds some water.
A lot of good news has been priced in quickly, and if the European Central Bank and the Federal Reserve don't do what's expected, the market could easily give back some of its gains. Meanwhile, recent manufacturing data have been downright abysmal -- the Philly Fed index has contracted for four straight months, and stubbornly high unemployment and lofty gas prices look like they could be around for a while....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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