I sold out of the stock market yesteday - What is about to happen is a no brainer: Record debt levels, a massive housing correction and static retail figures. The decline will be more than %10 and the downturn in economic activity will be protracted. I will start buying again when the dow reaches 11000.
Note: Comments are screened, and in some cases edited, before posting. We reserve the right to reject anything we find objectionable.
Other reader comments on this article
Comment
By
Date
One of Wall Street's aphorisms which is generally correct is that "a bull market climbs a wall of worry." In... [MORE]
Dan
Jul 8, 2007 11:32
I sold out of the stock market yesteday - What is about to happen is a no brainer: Record debt...
Vern
Jul 6, 2007 12:33
Comment on Wall Street Bulls Blind To Concerns, Some Say
Would You Like to Become a Sustaining Subscriber of the Sun? Sign up now