Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Rabid Capitalist’s market monitor reverted to fear over the last month. The change from August’s optimistic readings can only be described as a collapse. Risk aversion grew in the fixed income and equity markets. Valuation remained unattractive.
August’s bulls were replaced with bears in September.
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