“This column originally appeared on Real Money Pro at 8:11 a.m. EDT on Aug 22.
This commentary originally appeared in Real Money. The best investment insights and market analysis on the web from Wall Street pros that aren’t afraid to tell it like it is! Discover Real Money and all of its powerful trading resources. Sign-up for a 14-day FREE trial, now.
NEW YORK (Real Money) — The thrust of yesterday’s lengthy missive was that the economic fundamentals and corporate profit outlook combined with political and geopolitical uncertainties suggest that the U.S. stock market might be in the process of making a meaningful top for the year.
In the face of a steady march of higher stock prices, investors seem to be (to a large degree) whistling past the graveyard and ignoring the weak foundations of growth domestically and abroad — as well as other potential market headwinds.”
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