The Fred Report - Sector Review October 2011
Since the last sector review, the markets have been down. Sentiment indicators have improved, and we believe a strong yearend rally has started. We acknowledge headwinds: (1) we see NO further government stimulus until after the 2012 elections, (2) Eurozone problems, and (3) Debt issues in the US. However, the correction we have seen seems to have discounted these issues, which are widely acknowledged.
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