Aftermath of the Italian Elections: The Canary in the Coal Mine

Fortuna's Corner

There is such a disconnect between what the U.S. stock market is doing and how it is performing vs. the economic contraction in Europe and some weaker than expected numbers out of China lately.  I am reminded of the movie with the title, “Something’s Got To Give.”  Right now, the U.S. stock market has all the appearances of a trader’s market — buy the dips and sell the rips.  If you are a long-term investor you are better off staying heavily invested in equities right now — taking into consideration your risk tolerance, time horizon, etc.  Stay well diversified.  That said, I think that the election outcome in Italy is more problematic to our stock market than what we’re seeing today.  The risks of a “Euro car crash & implosion,” is real.  For the first time since Euro break-up fears of 18 months ago, there was a real push back against someone from outside…

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