The issue of European insolvency will continue for some time. Portugal, Ireland, Italy, Greece, Spain, and now Hungary are insolvent. Investors worry that this will dramatically and adversely affect US business.
As this unfolds, one school has the US economy falling into another recession, the alleged double dip recession. Another has this fall representing a market correction.
CNN: Stocks: New week, same woes
...Thursday and Friday...expect reports on jobs, the trade gap, consumer confidence and retail sales. Federal Reserve Chairman Ben Bernanke also speaks several times during the week...
3 comments:
The DOW will be at 8500 by Oct. The double dip is on the horizon as Gov'ts world-wide do at 1937 move and drive demand south. Stupid, but then what good is a Depression if everyone else isn't unemployed, right?
It could very well dive more, I expect it to this week. But I don't see it going down as low as March 09, as you point out. Very confusing environment out there right now, to say the least.
Warren Buffet will call it a great buying op. Of course having 20 or 30 extra Bil. buffers the pain doesn't?
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