Monday, November 8, 2010

Market Problems

Interesting:
..."Stocks are climbing a wall of worry," says James Paulsen, chief investment strategist at Wells Capital Management.

Paulsen suggests all the worry is keeping many investors from jumping headlong into stocks. And that means if the recovery gathers steams, as he expects, these investors may start buying in earnest, propelling stocks higher.

"There is still dry powder," he says.

But for others, the fact that stocks are up while we're down bodes ill.

"The equity markets are running on fumes," says David Rosenberg, a famously bearish economist at money manager Gluskin Sheff. Adds Steven Ricchiuto of Mizuho Securities, "It's not reflecting fundamentals."

In other words, get out now...

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