Monday, July 28, 2008

Nearing Bottom

As we approach August, the signs are pointing to a bottom or near-bottom for the market. Small upswings in oil are causing fears that are unprecedented. Banks are failing but the FDIC is stepping in and protecting individuals. Freddie and Fannie's debt is secured.

Now we just have to wait out this week's job and housing reports and we could see greener pastures in Septemeber.

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