...Benjamin Graham's response was, "they will fluctuate." What a month; What an unclear picture on the investment horizon; What a web of dense, complicated and even, at times, conflicting economic data that has been woven. Those of you whom claim to know which way the market winds will blow, I call you Snake Oil Salesmen!!! You are blasphemous cretans from the Temple of Abby Joseph Cohen!
I thought it was Graham. Whoever said it was correct. My head hurts from trying to project future market direction, and I'm arguably worse off for the effort.