Morning Stock Talk - Larson: Next stop, correction
The stock market's recent advance is based almost entirely on what the Fed will do in November, says Mike Larson of Weiss Research. So "if you've been riding this train," says Larson, it might be time to get off at the next station for a month or so. Larson thinks that stocks are in for a "sharp, short-term correction" after November 3rd. Another problem, says Larson, is investors are betting on the wrong economy. The Fed, he says can print money, "but it can't print jobs." Download this Podcast (Duration: 00:06:26, Format: *.MP3) Dow Jones' MarketWatch Morning Stock Talk discusses the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Hear about what's driving the stock market from those in the know.. |