A good line I read somewhere yesterday and rings true. The usual noise dominates the morning news, Europe, the jobs bill, DC political posturing. The jobs speech is being met with some residual disappointment in the futures, but methinks some of the sell-off already happened yesterday. The market is really broken. Sentiment is quite bleak and that is not uncommon for Septembers and Octobers. In past years, taking the other side of the bleakness has been the way to go. I am sure some are even wondering about a late Fall rally, but from what levels?
And since we were talking about financial analysts in class yesterday, please read the associated story linked in this post from 3 weeks ago.