Thursday, April 15, 2010

Stock market update: High optimism, low yield

I'm not the first person to point this out, but more than one key indicator is signaling that stock market optimism is near a multi-year high. This condition forecasts at least a price correction in the near future, if not an end to the current bull market rally. Combined with the frighteningly low yield of 1.8% and the aforementioned poor seasonal conditions, I have no plan to be invested in stocks any time in the foreseeable future. In fact, I'm waiting for an opportunity to bet against stocks in general.

1 comment:

Cathy said...

Fasten your seat belts. It's going to be a bumpy ride . .