By Chuck Gibson
I prefer not to spend time on short term market volatility because, well … I view short term movement as noise but the past few week’s action needs some explanation.
Like what occurred in 2008 we have a number of negative fundamentals occurring all around the same time coalescing together in attempt to create another “perfect storm”. These include but not limited to
- Slowing US corporate profits
- The Fed pulled the plug on additional MAJOR stimulus
- Government gridlock bordering on irresponsibility
- Lack of improvement of domestic unemployment
- A liquidity crisis in Europe
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Financial Perspectives (19 Sep 11)
