I would like to provide an overall update as to my thoughts on our current economic situation.
My blog post of September 1, 2009 summarizes my current thoughts well. It can be found here:
Many of my concerns and reasons for such an outlook have been expressed in this blog.
Of course, over the last few months there have been signs of economic recovery – or at least a lessening of economic weakness. However, I believe that these signs represent the type of intermittent economic strength that is often seen during periods of prolonged economic weakness.
SPX at 1141.69 as this post is written