Folks, despite all the negative news and selling we’ve seen in the last few weeks, the markets are bouncing back a bit this morning. We’re seeing that strategic asset reallocation dynamic at work, with interest rates on the 10-year T-Note creeping up as cash moves out of fixed income and is redeployed into equities. Why? [...]
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Folks, as of close last Friday, we saw a market that was down for a sixth straight week. There is lots of negative news out there, including some especially apocalyptic comments from Dr. Doom himself, Nouriel Roubini. I’d like to go on the record of saying that he’s dead wrong. Here’s the God’s honest truth [...]