Peter Coy Lays Out ‘Questions’
From Peter Coy at BusinessWeek Online comes ‘questions’:
“We’re halfway through 2006, and the year still seems as opaque and unpredictable as it did last New Year’s Eve. Investors are puzzled: Will the economy march forward, with business investment picking up the slack from a retrenching consumer? Or is the Federal Reserve on the verge of overtightening monetary policy, undermining the housing market and sending the U.S. into its second recession of the new millennium? Was the stock market’s big gain on June 29 a harbinger of a second-half bull market, or just a feint?”
Just once, I mean only once, it would be nice to see a reporter for a national magazine or newswire say, “We have no clue about anything so we advise first waiting for the market to move in a direction then to get on board.”
