Sunday, November 07, 2010

Contrarian Indicators, Part 2

Uh oh. I don't like to see this kind of confidence.




"The wind is at our backs in terms of the economy, and all the building blocks are set for stocks to move higher," said Timothy Ghirskey, chief investment officer at Solaris Asset Management. "Equities seem to be the asset class of choice, given the low yields on bonds, and the Fed is also encouraging more money into the stock market."


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