From the WSJ: The Dow Jones Industrial Average has hit an
all-time high. The Standard & Poor's 500-stock index is close behind. Stock
prices remain reasonably priced based on many measures, individual investors
are shifting back to stocks and corporate profits have been strong.
So what are a group of hedge funds and other investors
doing? Selling.
Bearish-minded traders point to a variety of concerns,
including the market's reliance on the Federal Reserve's help, signs of
excesses in corners of the bond market and froth in speculative shares. Some,
like James Litinsky, even predict a recession over the next year because the
recovery from the 2008 downturn is getting long in the tooth and the Fed won't
juice markets forever….
http://online.wsj.com/article/SB10001424127887324034804578344700001827428.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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