Earlier this month, market watchers at publications like The Wall Street Journal and Barron’s questioned whether the stock market was overvalued. Some would argue that their concerns were validated last week when equities began to sell-off.
Despite high expectations for earnings growth at the start of the year, U.S. companies delivered only ho-hum results for the second quarter, and estimates for the current quarter are plummeting. Downward revisions of fourth-quarter estimates can’t be far behind.
That’s not to say that this … Read More
David A. Levy sees more trouble looming for the American economy.
Barron’s: So, you just don’t believe the economy is improving?
Levy: The economy is improving cyclically. And there are areas where corrections have been made, and there certainly are some good trends in parts … Read More