“The Six Week Status Quo?”
Just because I don’t predict what’s going to happen in the stock market doesn’t mean I don’t attempt to analyse it.
So, here’s my (short-term) analysis:
The #1 problem vexing the stock market is the Eurozone crisis.
Europe — or at least its decision-making VIP-types — famously go on vacation in August.
Ergo, not much is likely to change — or get (re)solved — the next 4-5 weeks.
In turn, that guaranties that the cloud of uncertainty hanging over stocks will persist at least until Labor Day.
Now, ask yourself this: is uncertainty good or bad for stocks?
