Dow Hit a New High

I think Dow hit a new high yesterday. I'm still feeling very uncomfortable because of contradictory evidences that I have seen. I like this piece written by John Hussman. It's a long article but I will just extract the charts for you. For more details, please visit http://hussmanfunds.com/wmc/wmc120326.htm. He has done a great job to refute some of the popular beliefs.Evidence #1: Valuation wise, we are no where near a secular bull market. His valuation...

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Market Watch

The biggest news of this week was  BEIJING (Dow Jones)--The preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, fell to 48.1 in March compared with a final reading of 49.6 in February, HSBC Holdings PLC said Thursday. The fall in the PMI could exacerbate market concerns over a slowdown in the world's second-largest economy amid weak exports and a declining domestic property market. http://online.wsj.com/article/BT-CO-20120321-718449.html Whatever...

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