Fox Business - Bull/Bear Market Report
Recently joined Fox Business for the afternoon bull / bear report discussing some of the risks laying ahead for stocks. While most of the risks are clearly evident what is disturbing is the clear complacency by which the media and analysts assume that such issues will be resolved without a market rout. With markets already near annual highs, as we head into the last quarter of the year, there are many headwinds from the ECB, a resurgence of the Eurocrisis, earnings, deteriorating fundamentals, geopolitical issues and the fiscal cliff that will need to be dealt with. Just one of these issues alone could derail the markets.
Liz is right about one thing - such a correction will be a buying opportunity. But isn't that what we are looking for?