Rob Viglione

Stock Market Rally Is for Suckers as Credit Destruction Lingers

Real credit markets cannot improve without prerequisite savings. This will be a long, painful process. The American consumer will no longer be able to borrow to buy Asian goods, at least to the extent seen in the past. Those days are gone and our economy is just now shifting to a new reality.

Until this new reality sinks in I suggest taking profits off the table and putting them into less risky ventures.