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Thomas Wilson > The Stock Market Has Discounted a Lot of Good News - Wells Fargo
Thomas Wilson
Posted by Thomas Wilson on 1/31/12 2:57 pm
Gary Thayer, Chief Macro Strategist at Wells Fargo, believes the market is more likely to experience a correction rather than a reversal in its recent upward trend. "New economic data show that the U.S. economy grew at the fastest pace in six quarters during the final three months of last year. The economy is clearly not in recession but still faces many problems. Investors have responded positively to the good economic news during the past few months, and the stock market has rallied considerably from its 2011 lows last fall. With all this good news factored into current prices, the stock market recovery is probably due for a time out."
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