Markets Down 3 Weeks already
The Markets have been down for 3 weeks already. What will week 4 bring? Up till Wednesday. Then flat. Hopefully. Overall for the month of January. Down big time. Looks like this will be the 1st time a 5th year in a deacade will be a down year. Let's see some fundamentals. The war in Iraq is depleteing more of our american soldiers on a double digit weekly basis now. Casualties are increasing not decreasing. You may not hear it on the news but pipelines are still being blown up in Iraq. There's more violence now thanks to the election. And looks like it will keep on going after the elections. The only question is what the coalition does after the elections.
The social security reform fiasco will drain more capital. Not implementing it. fighting over it. Will it go through I don't know but it will be a tough battle. This should have been done 15 years ago. Now it's too late.
We're becoming a third world trader. We're selling China our commodities and buying their finished goods. Kind of bass akwards I think. Outscourcing is still going on bigtime. Check out the airlines now. Airbus has released their new A380. A big mama. Not to mention that before Aibus relaesed it they became the nr 1 comercial airline producer over Boeing by about 100 planes. None of this looks good for us. Just hope someone reads this and get the message.
I too got caught in the drop. I put my dough in Gov't bonds for a week thinking it would be safe then I put it back in EFA and lost money. It should go up next week but be very careful. Check out the link I attached. It goes strictly by the numbers.