To say that stocks have been on a tear so far is to put it mildly.
Up 15% for the year so far, should the trend continue on annualized basis the market would end 2013 whoppingly higher. Now this isn't intended to be one of those it-is-it-isn't-going-to-happen articles. Not at all. It's more reflection time.
You've got heavy-hitting hedge fund managers touting everything from further weakness in the Aussie dollar to recommending housing stocks that have already rallied based on further improving fundamentals to suggesting though stocks are not cheap they have a ways to go in this dramtic upswing.
In other words, there is no shortage of opinions here. Last week there were two prominent meetings, one in New York, the other in what-happens-here-stays-here LasVegas.
One writer even referred to the Las Vegas gathering as Davos in the desert. Given our view of the annual Davos confab, we're not sure whether that's a compliment or an insult.
What is certain is this information won't stay there. So here's another view from another heavy-hitter.
http://finance.fortune.cnn.com/2013/05/10/sam-zell-says-sell/
No comments:
Post a Comment