News. Oct. 6 (Bloomberg) -- Stocks advanced, sending Asia’s benchmark index to a 26-month high, Japanese bond yields slid to a seven-year low, Treasuries rose and corporate bond risk fell to lowest level since May on speculation central banks will accelerate efforts to stimulate their economies. The global central banks are ready to flood the system with money. The markets are becoming confident and exuberant. Is another financial feast under way as in 2000 and 2007? Let's enjoy it as long as it lasts.
But I think we also need to be vigilant. Falling asleep at the wheel thinking it is going to be smooth sailing may not be a good idea.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest
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