Thursday, July 09, 2009

Green Shoots: waning public sentiment

Pew Research has released a study showing the public sentiment on the green shoots theory. It appears that it is slowing down.

It is the "things are not as bad as we originally thought, but they are still pretty damn bad-- and possibly getting worse" situation.

This could snowball into another market dip revealing possible buying opportunities.

As of this writing, the market appears modestly overvalued.