The dimming profit picture likely will cause investors to re-evaluate positions at least in the near term, Hogan said. He sees the current rally based on investors recalibrating positions that were based a recession that didn't happen. Once those positions are covered, the rally could run out of steam.
"There is a credible possibility that we'll need to consolidate gains for a period of time," he said. "We can end the year higher than we are now, but i don't think we move considerably higher in the near term."
发表于 2016-3-21 21:04
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发表于 2016-3-22 10:19
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