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Oct 05 2011

Worse Than It Looks… And Not Over

  • Oct 5, 2011

Most costly market decoy in the last six weeks has been unusual (relative) strength of the Dow and S&P 500 indexes. Resilience in blue chips is characteristic of the early and middle phases of a bear market, but recent blue chip performance has been so stellar (again, in a relative sense) that most investors curled up comfortably in the “correction” camp…while small caps, cyclicals and virtually all foreign markets were screaming “BEAR!”


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager