Stocks have disappointed, once again over the past week. Bonds don’t appear more appealing, and momentum continues to favour bonds, although by only a slim margin. The market continues to appear over-valued. Earnings season has begun, but hasn’t yet provided a clear direction to the market. I’m feeling frustrated, personally, and having trouble remaining patient. But there’s no place for that in the market. I’ll be back next week.

Market Outlook October 15, 2012

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