August Monthly Review
Last weekend, we noted that the next phase of this bear market will likely be driven not by U.S. financial companies or by energy prices per se, but rather by the effects of the American slowdown being felt by the rest of the world. A front page story in the WSJ on Friday noted the falling Eurozone GDP as additional evidence of a global slowdown. Looking forward, we expect continued bullishness in equities next week as the lack…
Sunday, August 17, 2008
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