A pullback, but don't panic
We could see a 5% drop in U.S. stocks, but there's still a strong investing story in the U.S. this year.
- An overbought market ripe for profit-taking after a long rally.
- Worries about a slowdown in China as it struggles to get inflation under control
- More squabbles among Eurozone members over how to fix the continuing euro crisis
- Good but not great earnings reports (and therefore disappointments) in the financial sector
- A weak report on housing starts reminding investors the sector isn’t out of its slump yet.
EDAP Continues Its Growth Strategy; Enters New Major Market for Lithotripsy
No pull back for this Bull.
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Fed keeps important 'considerable time' language in reference to short-term interest rates, but dissents and dots leave doubts.
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