Medley & Brown, LLC
Financial Advisors
US Stocks Outlook: Investors Brace For Short-Term Downturn
Written by Kristina Peterson
Monday, 14 March 2011 00:00
DOW JONES NEWSWIRES: When asked what opportunities might arise for U.S. companies in the aftermath of the recent crisis in Japan, Julius pointed out that reduced production of Japanese automobiles might allow U.S. auto manufacturers to gain market share versus their Japanese competitors.
"This market is all about what [John Maynard] Keynes called 'irreducible uncertainty'...mainly centered in Europe. We don't know what is going on with the countries and their banking system. Equities are gyrating because of the macro problems in Europe."
Bill Miller, Legg Mason Capital Management
August 10, 2011