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September 1, 2010

US Large-Cap Stocks Are Bargain of a Lifetime

Bill Miller, Financial Times

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By Bill Miller

Published: August 31 2010 17:25 | Last updated: August 31 2010 17:25

The common view seems to be that the weak stock market reflects a weakening economy.

But we think the converse is more likely: the weak stock market is causing the economy to weaken. It is not a surprise that the recent US consumer confidence numbers were so poor; with the stock market having fallen so sharply since late April, they could hardly be otherwise.

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TAGGED: stock market, investing, stocks, Bill Miller

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