Tuesday, January 22, 2008

No end in sight...

Market keeps falling, should you be worried?

Frankly, I'm not certain all the confusion is warranted. After all, people have been predicting this market down turn for some time, and we've experienced the same negative economic outlook since the new year began.

At this point, if you are still feeling optimistic about the market in the short term, you are delusional. There is no reason to believe it will get better for the next 3 months. Today's Fed action, rather than a remedy, should be considered a further indication that the economy is worsening.

The volalitility has been high every day, but when it closes, you can almost always bet on seeing a red number.

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