Listening to CNBC this morning I heard Bob Pisani talking about how bearish all the long/short hedge fund managers are. And, they are not the only ones. It has been an incredibly difficult market, and for good reason. There are a lot of real problems out there, and a lot of reasons to be nervous.
China is slowing, in part due to their own strategy designed to contain an inflation problem. Europe still can’t come up with a comprehensive plan to solve their debt issues, and Greece is on the brink of a default. Here in the U.S. we are still struggling with too much debt, a lousy housing market and unemployment that is over 9%. These are the big issues, and we could add to that a plethora of other challenges as well.
For the time being we will continue to be in a volatile and difficult market environment. However, with sentiment so low, and many of the aforementioned problems on the table, I keep wondering if there may be a better market lurking somewhere in the near future.
