Monday, March 23, 2009
Shift Of Focus for Stocks
Given that we now have a resolution to the banking problem, the stock market will likely shift its focus to normal indicators such as earnings and macroeconomic releases. These are still going to be bad, but not quite as bad as they used to be. In fact, I look forward to an improvement in the economy. I'm not expecting any growth until next year but I do think that the economy will not look quite as bad as it has in recent months. This shift of focus should push stocks higher still.
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