A Confused Juncture
So here we are, at the end of October. The month is winding down and the markets are lethargic -- but that's not what we are used to seeing this time of year. Companies are normally ramping up production for a big finish to end the year and retailers take inventory and stock up for what they hope will be a big shopping season. Most are plan their goals and needs for the upcoming year. But that is not happening now. From some of the recent earnings calls we are hearing hesitation, caution and trepidation about the future. Perhaps the realities of the "fiscal cliff" and a changing of the guard (or not) are having an effect.
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