Day: July 22, 2014

U.S. Stock Market on the “Edge of Tomorrow”

Recently we heard a market prognosticator declare that we could have a 30 percent decline in stock prices in the next 12 months. Presumably because investors fear starting over again, like many did at the market bottom in 2009, the talking head had ample emotion on which to make such a grandiose assertion. This fear of starting over reminded me of the recent Tom Cruise movie, “Edge of Tomorrow,” where Tom Cruise plays Lt. Col. Bill Cage, a soldier forced to live the same day again and again in efforts to develop answers on how to defeat a force which would end the world. Hence, living on the “Edge of Tomorrow.”

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