Over-Loved Stocks That Don't Stack Up
Today we will try to get back to business as usual in the markets. The earnings reports will begin to dominate the news once again. The bulls will look for any positive sign to be buyers as we head into year-end, and the bears will celebrate any signs of weakness. I will simply sit back and apply my usual sense of cynicism to the whole show.
I confess that at this point I am most cynical about the bull case for the market. Earnings are following the same revenue-light pattern with lowered guidance that we have seen all year. The economy is still solidly in "better but not good" mode, and Europe is still a mess. The only real bullish case relies on low interest rates, and as powerful as that has been, I am not sure it is enough to keep moving the market higher....613 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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