The coming quarter

The last quarter of the year has arrived and the stock market is looking very tired.  To be sure, I'm been bearish while the market has advanced but I contend the rally of the past six months will go down as one of the biggest fake outs in market history.  Not surprisingly, I believe that the next three months will prove a disaster for those who believe the market will continue to go up.  The writing is on the wall for all to see, and only the most delusional bull could think stock prices will continue to rise in the face of a weak economy and high unemployment.  All this nonsense about money on the side lines waiting to come is just that- nonsense.  If the market was so attractive why hasn't all this side line money been committed already? 

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