Stocks: The Most Important Week In 6 Years | Seeking Alpha
Eric Parnell has written an outstanding article assessing the state of the stock market. I agree with Eric that we should get a bounce in stocks at these oversold levels. However, the long term trend will be much harder to figure out. I own Facebook, and I think it is one of the few stocks that will recover from this downturn. In theory, we should only have a correction and not a bear market because the economy is doing okay and interest rates are still low. When the ten-year treasury bond interest gets to 4%, that could be the final top for the market because stocks will die when interest is high.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment