This weekend's Barron's provided a mid-year update to its annual "Roundtable" report, and as the title of the article suggested, the consensus among panelists was that the market has come "too far, too fast." While that view is certainly not a minority opinion, we are confused with the logic behind it. As noted in the article,
"Many predicted at our Jan. 5 confab that the stock market, oversold and under-loved, was due for a major bounce. Now they think stock prices have overshot corporate fundamentals and a correction is in order."
So on January 5th, when the S&P 500 was at 927, the members of the Barron's Roundtable were looking for a major bounce. Now, with the S&P 500 up 2% since then, they think the market has come too far, too fast?
My comment: We all need to know what is their theory behind those bad calls for stock market?? They are very well known finanical newspaper in nation but majority of their prediction or analysis are damn shit. If you have listen to them, I believe you all always in negative terriority. As I write this, I believe market is about "Time" due for bigger correction.
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