
Source and data: Institute for Self Reliance

Source and data: Institute for Self Reliance
Euphoria and stimulus aplenty risk speculative excesses
Facebook is an expensive stock, and an over-hyped offering. But make no mistake: It’s a solid company, says investment manager Barry Randall.
U.S. markets are on the rise Friday following the latest agreement to help fix the troubled euro zone.
The effects of a rising TGA due to tax payments this week, increased repo usage heading into quarter-end, and higher overnight funding costs are likely to reduce overall market liquidity. This combination could make trading conditions challenging over the final two weeks of June, potentially placing significant downward pressure on stock prices.