The flagship large cap US index, S&P 500, closed near flat over the week 0.19% lower. The index remains more than 60% higher than its cyclical low seen early this year. Naturally after such a strong run investors are torn between banking profits and leaving their equity allocation intact on the hope the bullish trend will continue. Bears, (equity pessimists) are however increasingly citing the gap between stock prices and the underlying economic fundamentals which despite improving GDP data…
Continue
Added by TradingHelpDesk on November 21, 2009 at 11:30am —
No Comments