CNNMoney’s La Monica: Stocks Shouldn’t Be So High Without Imminent Recovery
“When it comes to predicting the outlook for stocks, you can quote Doris Day and Judy Holliday. Cry if you want to, the party’s over for stocks.
At least that’s the viewpoint of Paul La Monica, assistant managing editor for CNNMoney.
The Federal Reserve and European Central Bank have provided the spiked punch bowl that’s prompted the recent stock market boost. But they can’t keep the juice flowing much longer, warns La Monica. Take a step back and look at the ongoing challenges facing stocks and you wonder how they’ve done so well this year. ”
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