I view share prices of many companies as having become generally more attractive over the last two months, but, at this point in time, there are four factors that keep me from being more heavily committed to equities:
the stock market’s continued volatility and instability;
the growing sovereign debt contagion in Europe (and failure of their leaders/central bankers to respond intelligently);
continuing political partisanship (and failure of our leaders to properly confront our fiscal imbalances and to promote pro-growth policy); and
an inability to gauge whether the erosion in the August sentiment measures (impacted by U.S. stock market and domestic/overseas economic uncertainties) will translate into weakness in hard domestic economic data.
Full article here: Doug Kass: Here Are The Four Potential Outcomes Of Our Ailing Economy, at Business Insider.
