Till last weekend in the three months Dow Jones industrial average has pushed up the price index more than 30%; after the stock market continued this apparently ran into trouble on the rise.
Washington fund management company Farr, Miller & Washington, president of Fall (Michael Farr) said that 40% of the increase is not based on fundamentals with 40% growth. He said that the economy is still down, credit is not restored, the unemployment rate on the rise, consumer spending weakened, I think at some point the market will be taking up the majority.
Seoul said Act, it is impossible to know whether the market has peaked, or will step up in the fall. But even if a lot of bullish investors think the stock market is about to fall.
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