Kass Weighs In
Recently, I have been saying that I felt the markets would be choppy and rangebound for most of the summer. Today, my colleague Doug Kass weighed in on RealMoney Silver with similar comments.
Doug said, "Consistent with my expectations of a sideways correction, the world's stock markets appear to be poised to go to sleep for the balance of the summer. Over the course of the next two months, I expected the S&P 500 to trade in a relatively narrow range of between 850 & 925."