Marketing Commentary- Q2 2002
With above average volatility, markets held their own through May. But increasing numbers of stories of loose corporate accounting and excessive executive greed caught up with and overtook investor confidence in June. Stock buyers have been voting with their feet in June and July sending markets down to levels not seen since 1997. The pervading sentiment is fear, which is always true at market bottoms. The occasional up day (Dow +311 one day late in June, surrounded by down days) suggest that there is still too much lingering (but fast fading?) optimism to mark a real bottom. Trends to be...
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