Stocks' Late-Year Weakness Is No Surprise
There's going to be a lot of ink spilled in the days before the election -- lots of theories on how the outcome of this close race is affecting and will affect the stock market. But don't be confused and don't make too deep an analysis: This market has shown most of its limits for 2012, and I think it is destined to at best muddle along for the rest of the year.
It's not just the weak third-quarter earnings that have been streaming in. As a longtime veteran of the commodity markets who has an understanding of how they tend to react, this period of weakness is very predictable counterweight to the very strong performance that equities have treated us to for most of the year. In many ways, the market action is showing an uncanny correlation to 2011, when stocks performed well until the fourth quarter and lost much of their gains going into the start of 2012....369 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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