Saturday, May 19, 2012

Investor Sentiment: Are We There Yet?

Like my whiny children, who after 30 minutes into a 6 hour car drive, investors are asking themselves, "Are we there yet?" After all, the SP500 is down a little over 8% from their highs in the past 3 weeks, and investors want to know if the selling is done and if this is a time to buy. Of course, it was only 3 short weeks ago that we were hearing how this market was a buying opportunity of a lifetime, so if you were dumb enough to buy that nonsense, then consider yourself lucky as

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