Essentially we may have hit a ceiling in the market for the time being. Investors are looking for more signs and data that can at least be interpreted to mean that the stabilization of the economy is continuing. The signs and data unfortunately are mixed.
We saw this coming. You couldn't help but wonder why the DOW would continue to rise. What exactly is going on out there that demonstrates a reinvigorated economy.
Its anyone's guess about what happens next. I'm still hoping for sideways at the minimum. Would anyone be surprised, at least at this point in this endless recession, to see the DOW shed points real fast.
Talk about a sobering experience. We went through a torturous period with Bush and company for eight hard years. It was like a sentence. Now we are doing time with a recession that is not going away for a while, just yet.
The overall lesson lies with enjoying the things that really matter.
Reuters: Nikkei edges up, Daiwa Securities and Sanyo climb
But clouds remained after mixed U.S. indicators reignited doubts about how fast the recession is easing, meaning further gains are likely to be difficult
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