Thursday, August 13, 2009

"Green shoots" have overshot- The coming correction



It's clear the market has gotten far ahead of itself since the early March rally. Investors piled into the market blinded by the green shoots euphoria, thinking that the economy has made a 180 degree turn. Once sanity settles in, and we are reminded that the fundamental ongoing problems continue to exist and have actually worsened, there is bound to be a sharp correction. Currently holding a short bias on investments, although another leg up cannot be ruled out.

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