Who Do You Believe?

Dec. 15, 2013

By Paul Price of Market Shadows

The latest issue of Barron’s cover story conveys their bullish view of the market for the year ahead. Further down, on the same cover, is a reference to a featured story quoting Ned Davis Research telling readers to plan now for a 20% correction.

The broad market, reflected by both the DJIA and S&P 500, dropped back about 1.7% last week. Was that the start of a bear market that Ned Davis Research is calling for or just a prelude to Barron’s optimistic view?

Trying to call ‘The Market’ is a fool’s game.

Instead, just buy shares of stocks that are underpriced while selling those trading at fair value or above. There will always be someone looking for an upturn while others are fearful.

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