Aug 5, 2011

UBS economist says don't overreact, market resilient

I’m reluctant to overreact to some shorter-term weakness, no matter how real it is, because the market has proven to be unbelievably resilient. If you would have been acting that way for the last two years, you would have gotten killed by this market.

~Jonathan Golub, chief U.S. market strategist, UBS in New York, "Strategists Sticking With 17% S&P 500 Rally by Year-End on Rising Profits",, August 5, 2011

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