Subject: The State of the Mkt in One Paragraph...
From: "Daniel McHale" <[email-masked]>
To: "Eric Schwerin" <[email-masked]>, "Arlene Busch" <[email-masked]>, "Hunter Biden" <[email-masked]>
Date: Tue, 10 Jun 2014 14:27:02 -0400

Pretty much sums it up…

Money managers are unhappy because 70% of them are lagging the S&P 500 and
see the end of another quarter approaching. Economists are unhappy because
they do not know what to believe: this month’s forecast of a strong economy
or last month’s forecast of a weak economy
<http://www.businessinsider.com/bob-farrell-quote-describes-current-market-2014-6#>.
Technicians are unhappy because the market refuses to correct and gets more
and more extended. Foreigners are unhappy because due to their
underinvested status in the U.S., they have missed the biggest double-play
(a big currency move plus a big stock market
<http://www.businessinsider.com/bob-farrell-quote-describes-current-market-2014-6#>
move)
in decades. The public is unhappy because they just plain missed out on the
party after being scared into cash after the crash. It almost seems
ungrateful for so many to be unhappy about a market that has done so well
... Unhappy people would prefer the market to correct to allow them to buy
and feel happy, which is just the reason for a further rise. Frustrating
the majority is the market’s primary goal.

Read more:
http://www.businessinsider.com/bob-farrell-quote-describes-current-market-2014-6#ixzz34GJfGM0