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HomeNot Surprised by Size but Swiftness of Market Decline
Posted by Larry Doyle on February 3rd, 2014 2:06 PM |
Without trying to be a Monday morning quarterback, I am not at all surprised by the market’s decline.
I remain hard pressed to believe that our domestic economy and the global economy remain on sufficiently firm ground that would justify the fact that equity valuations belong even at current levels.
That said, I long ago gave up “fighting the Fed” and other global central banks that have been engaged in pumping liquidity into the system in order to prop the markets in the hope of stimulating the economy. So where should we look for a measure of support in the market? (more…)
