Saturday, June 11, 2011

Black Monday looms for stocks

Black Monday looms for stock markets, sell, sell, sell!

If the prospect for the US is at best low growth for the next 10 years as one commentator suggested yesterday then stock prices have to be reset. Indeed, it does not have to be that dramatic, just properly discounting the high unemployment and falling house prices of today would be enough to require stocks to trade at a much lower level.

Posted by david smith @ 01:23 PM (617 views)
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