Considering the 'Broken Window' Theory
I have recently been writing a series of pretty depressed columns -- I don't like the markets and oil is still overpriced, as are stocks. Most of my columns have reflected this caution, and I have made few recommendations.
I've been writing how difficult I thought the fourth quarter was going to be because of the looming fiscal cliff, overexcited asset prices through endless quantitative easing and the so far underappreciated effects of super storm Sandy. I expected the stock market's recent downdraft and don't think it's over yet. I am choosing to keep target prices on some favored stocks in place and not jump the gun before they reach them....491 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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