Pete, need help...looking for a sanity check. I assume that you heard today's radio show. What I heard Bob say is that his indicators for inflation, interest rates, money supply, growth, even valuation are all ok...and, we are not in a bear market, nor are we heading for a bear market. He recommended that investor use this correction as a buying opportunity, and they will see the rewards sometime next year. He went on to discuss the foreign markets with emphasis on Russia and Japan. Even discussed the problems with Clinton.
The picture that I got was essentially that the foreign markets were having a negative impact on the U.S. stock markets. He was not very positive on this impact to our markets, mainly due to investor sentiment which is pretty negative. He also said that we will base line the markets for sometime, then turn-up. He didn't say anything about targets for the Dow, S&P or Nasdaq.
What I have concluded is that the problems are server, high risk for the investor, this year is written off, look for volatility to continue, and no real improvements in the foreign markets. In summary, things aren't really that good, but still a good time to invest.
Appreciate reading your take on Bob's comments. Hope you heard the show.
Stock Bull |
