Time Machine Finds Bulls Run Amok at ’07 Stock-Market Top
This article is for subscribers only.
What does a market top look like?
That’s the question on a lot of people’s minds these days, and it’s not an easy one to answer. Almost half the investment professionals surveyed by Bloomberg last week said the equity market is close to unsustainable levels. Bold-faced pundits from Jeffrey Saut at Raymond James Financial Inc. to Leuthold Group Llc’s Doug Ramsey and Tony Dwyer at Canaccord Genuity Group Inc. have called for near-term weakness in stocks.