Six Signs Economy Is Turning the Corner [View article]
Private equity or major bank (like JPM) buying up CIT will confirm that the worst is over ... if the smart money is not willing to bet on economy bottoming and valuation being cheap enough, I'm not sure retail investors should be overly confident.
CIT's issues reflect much broader issues with weak consumer spending, distress in small business sector, and fragile retailer sector. Only when the smart money, after extensive due diligence, comes in and verifies that all the bad news has been priced in, and are willing to invest at this stage of the economic cycle, should retail investor feel safe to get back into the market with full force.
Six Signs Economy Is Turning the Corner [View article]
CIT's issues reflect much broader issues with weak consumer spending, distress in small business sector, and fragile retailer sector. Only when the smart money, after extensive due diligence, comes in and verifies that all the bad news has been priced in, and are willing to invest at this stage of the economic cycle, should retail investor feel safe to get back into the market with full force.