Tuesday, November 29, 2011
10 reasons the crisis isn’t over
November 29, 2011
Stock markets around the world soared yesterday. The Dow jumped more than 300 points.
News out of Europe says they’re working on a fix to resolve the crisis there. Reports here say the holiday season may be off to a strong start. Sales on “Black Friday” may have hit a record.
So, is that it? Is the crisis over? Is it time to ramp up your equity exposure, take on more risk?
Heavens. Anything can happen. And, OK, there are stocks out there that look pretty decent value.
But here are ten reasons to be skeptical. This so looks like a dead cat bounce.
Posted by Yulie Foka-Kavalieraki at 8:38 AM