I hate to tell you this Virginia . . .

After more than a year of wrenching declines in popular stocks, Wall Street’s proffered wisdom is that a “market bottom” is forming and before long the good times will be rolling again.  These assurances are very tempting, indeed.  But an objective examination of the data suggests that the extraordinary stock market of the last decade was a temporary emotional phenomenon that caused distortions in both the capital markets and the economy that may take a long time to correct.  There will still be great investment opportunities, but they won’t be the same ones that worked last time.

Please click the link below to read the full issue of The Blue Sheets.