Thursday, December 11, 2008

Fundamental Research

Think the market has sold off enough? Encouraged by the rally off the recent lows? Stocks at record low valuations? Think hedge fund/mutual fund redemptions are more or less done for the year? Willing to bet that the market couldn't possibly be down 40%+ two years in a row?

Here's a question. What stocks work when the economy is losing 500,000 jobs per month?

My research on the topic consisted of getting another cup of coffee. The most likely answer is none, unless the employment situation is likely to turn within the marginal equity buyer's investment horizon. Alas, it's too early to tell.
I'm not sure why there's a pic of a monkey in here either.

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