It’s not time to become exuberant or to despair about stocks.
The fiscal cliff drama is finished and the stock market should advance in 2013,
Starbucks isn’t just a seller of pricey coffee.
Global deleveraging may be the most powerful force weighing on the market.
It would be odd for a bull market to end just as the economy is getting some wind at its back.
Primary 2011 lesson: A conservative company does not equal a safe investment, particularly in uncertain times.
I expect the market to be rocky for some time to come. In the long run, though, I expect well run companies with strong market prospects to do well.
Disclaimer: Leif Eriksen owns BBEP in his Covestor Performance with Protection model. October 1, 2010: It’s official. September 2010 is the best September in the market in 71 years! What has traditionally been a seasonally weak period has defied expectations. Another reason not to pay any attention to the noise […]
The cover of the August 30th issue of Barron’s might well have read “Abandon Hope All Ye Individual Investors Who Enter Here” (apologies to Dante Alighieri). First, Alan Abelson informs us that the deck is stacked against us, then Vito Racanelli tells us it’s not a stock picker’s market, and later on Jim McTague explains how the May 6th Flash Crash might have been rigged. What’s an independent investor to do? Follow the herd into the bond market? Find refuge in cash?