Economist Andrew Smithers notes the S&P is overvalued by more than 40% in a Bloomberg.com article released this week! The overvaluation is due, in part, to central banks that have pulled back on securities purchases that pushed up asset prices months ago.
Andrew Smithers is quoted as saying: “Quantitative easing has set off another sharp, and so far containable asset bubble, But if it gets too high and starts to come down then we’ll go straight back” into recession.
Your clients need your advice more now than ever. Help your prospects lock in their gains, and keep their hard earned money safe. For a full copy of the Bloomberg.com article, contact me today.
Stay focused.
MJN
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10.30.2009
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