Royal Scot

Market May Get Cheaper, But Tail Can't Wag the Dog Forever

Another pitchman flogging the 'stocks are cheap - time to buy!' line.

Look to the future? I don't see anything in the future but dark clouds. The stock market has to exist in the same economic reality as the rest of us.

There are 'a combination of things' in play right now that make the market cheap, but I submit they are very sustainable since they are very real.

Preview from Europe: Is the Stock Market Rally Over?

These false rallies remind us of how and why we have gotten into this mess - Irrational exuberance.