Friday, Mar 28, 2008
The last optimist fights on – for now
MoneyWeek: The last optimist fights on – for now
Could last week's panic have been a capitulation, when even the most optimistic of optimists threw in the towel and stocks hit bottom? But UK and European stocks need to fall by another 25% and 15% respectively to hit average peak-to-trough falls of previous bear markets. Now throw in the fact that sentiment is nowhere near as depressed as it is at genuine market bottoms, and this hardly looks like a buying opportunity.
Posted by damien @ 12:02 PM (259 views) Add Comment
3 Comments
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