The index fell for an entire week, with the STAR Market Composite Index plunging 4.88%. Major funds posted net outflows for two days in a row, yet people are still loudly claiming that “the market has the foundation for a corrective rebound.”
Put simply, investor sentiment is extremely cautious—no one dares to pile in with real money.
As third-quarter reports trickle out through the end of October, I’m not buying this lousy, pie-in-the-sky rebound for stocks with no earnings to back them up. Let’s see who’s swimming naked first.
Put simply, investor sentiment is extremely cautious—no one dares to pile in with real money.
As third-quarter reports trickle out through the end of October, I’m not buying this lousy, pie-in-the-sky rebound for stocks with no earnings to back them up. Let’s see who’s swimming naked first.