Before taking a multi-week break with family in which I intend to post only for major market action, it’s time for some review. The macro theme in the U.S. economy and financial markets strikes me as just what I stated in one of my first blogs. This is what I wrote on January 9, 2009 [...]
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As regular Daily Capitalist readers know, I have been observing a topping process for the U.S. stock market for a few months now. Last fall, near the market bottom in late September, I suggested that despite their outperformance in the prior months, tax-free municipal bonds looked pretty attractive. That piece was titled Gold on Hold; [...] |
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