I am touring on my Harley in Arizona and not focussed on markets, but yesterday’s Wall Street Journal headline “Subprime Bonds are Back” has me worried. Subtitle: As economy recovers, long-term investors willing to take on more risks.’
Bloomberg today noted the rebound in corporate profitability is at record preportions. Investor’s are inclined to forget earnings reported are now history.
All is pretty much good and consistent with what I predicted in my new book ‘A Maverick Investor’s Guidebook’ BUT remember the manuscript was written almost a year ago. I smell another correction on the way so heads up.