Fundranker Blog—Wall of Worry
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Wall of Worry
It’s said that bull markets like to climb a wall of worry. Although investor and consumer sentiment gauges have risen lately, they are still low by historical standards. Recent unemployment, manufacturing, retail, and other economic data paint varying pictures of the economy, some positive, some negative. Banks are raising capital and want to return TARP money to the government, but General Moters and Chrysler are both in bankruptcy and face major restructuring to remain viable businesses. So is there enough worry to propel this rally further? Shall we worry even about the amount of worry? Do we dare call this rally a fledging bull market?
