Ok
So I've been talking to traders on the state of the market, and now it seems that the bears could be in for a surprise. The institutional money could be coming to work, and bearishness is at extreme highs, I'd rather not short at this point, but who knows how much longer the slide will continue.
when the bigger investors are talking up stocks, I'd listen.. (credits to bloomberg)
“It could be a buying opportunity,” said Wayne Lin, a money manager at Baltimore-based Legg Mason Inc., which manages $685 billion. “Stocks are at good value. Earnings are growing fairly strongly. Economic fundamentals are still strong, especially for the U.S., making it possible that the risks are overblown.”
No comments:
Post a Comment