UBS out with a bullish note this morning: "In our view, a large correction remains fundamentally unwarranted. We find little evidence to support the assertion that the 2009 market rally represents a liquidity-induced 'bubble,' or that the recent spate of market choppiness is a function of over-valuation."
Unless I'm mistaken, I've heard more bullish sentiments like this (this earnings season) than I have bearish. As such, UBS's comment seems to be consistent with what others are saying.
tunaman4u2: Real demand declining as middle class poorer from taxes, cuts... Fake demand rising with gvnmt support = bubble. Could last but IS bubble
13 minutes ago
David White: Art Cashin cautioning today that we are still in a long term bear market for many more years (17.6 yr cycle).
19 minutes ago
David White: Motley Fool: investors question the sustainability of growth for General Steel, even though the company has low FY2010 PE of 6.89. X's is 50
This news story has 6 comments:
On Nov 06 08:51 AM Graham and Dodd Investor wrote:
> Talking its own book, or something of that sort.