gianluca

Real Estate and Financials: Sell the Rally

I am bearish on the market. I just think the recent strenght is due to over-optimistic expectations about the economy recovering H208. I think the recent actions from the Fed has sedated a little bit the most evindent effects of the recent credit squeeze, but soon we will probably be the ripple effect on the broader economy. I might be wrong, but it just doesn't look right to have a strong equity market in such difficult times... time will tell