Investment Intelligence When it REALLY Matters.
Opening Statement from November Intelligent Investor (Part 3)
Last month we reminded readers about the earnings weakness we have been discussing since early in the year. Specifically, we felt that the second half of 2013 would be met with greater than expected weakness.
In addition, we felt that the global economy would weaken in the second half of 2013. This sentiment was in complete opposition with nearly every major economic organization and Wall Street firm. In fact, every Wall Street firm, the Federal Reserve Banking System and the IMF agreed that the second half of 2013 would bring greater economic strength.