Hindsight is 20/20, but one stock market watcher is willing to predict that stocks are not overbought. Canaccord Genuity Chief Market Strategist Tony Dwyer suggests that economic expectations are set too low, which gives the impression that conditions are worse than they are. For instance, if you look at signals such as the pace of manufacturing growth around the world, most recently in Germany, things look pretty dismal. So bad, in fact, that another recession could be on the horizon. Not so fast, says Dwyer. In this environment, monetary policy is ripe for easing, not tightening, which is the recipe
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