Pension Funds Pare Stocks, Ignoring Economic Rebound

A smattering of reality, the same thing that has eventually affected every sucker rally that has occurred after _every_ major US recession in history. This could be the big 2nd crash, but I don’t think so. That will more likely happen after holiday season sales are a BUST. Right now, the average P/E is around 140, the highest in history. The fundamentals do not even come close to supporting that.

Pension funds anticipate this as do a huge percentage of insiders who are selling like they haven’t since the dot com crash:

Pension Funds Pare Stocks, Ignoring Economic Rebound

http://www.bloomberg.com/apps/news?pid=20601109&sid=aGIATunT3Aao

Winston

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