Shareholders Unite

Why We're Not Buying This Market

Squares, we agree to a certain extent. The rally so far was justified, at 6500, a severe depression was priced in (we're not THAT pessimistic), but much more upside is not justified. Unless we really see much more fundamental improvement, we can't really see the rally get past 1000 on the S&P anytime soon. We do not think it's likely that we'll see that much fundamental improvement, for the reasons stated in the article. But we have no crystal ball..