"The favorable stock market expectations and even more favorable personal portfolio expectations don’t seem to line up well with views of the economy, interest rates, taxes and government stimulus plans.
Confidence improvements may warrant a better market, but improvement within negative parameters does not warrant persistently strong markets.
We have gone from a brush with near death to very sick, but are not yet healthy".
Richard Shaw
Investing lesson:
This is no time to become giddy, over committed or complacent. Stay alert.
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