The Market is so Fickle....and looking for reasons to go up!
Check out the market the past few days....it is going up, and pretty quickly too.
One can never be so sure....because the market has shown "counter tendencies" in the past....as recent as the first quarter of this year.
I guess the news today was that the credit crisis is loosening up....and the federal government is talking about yet another stimulus package.
So the market is going bonkers......
I looked at the Wall Street Journal and other news outlets of the past few days and I see the trajectory of things isn't quite as positive from my perspective.
- Retail sales numbers are down big time in September.
- Wholesale prices drop for the 2nd straight month!
- Japanese exports are down 52%.
- US Factory output is down the most since 1974.
- World car makers suffer greatly from the crisis!
- Circuit City my cut 150 stores in order to avoid bankruptcy.
- Linens and Things goes Bankrupt. (sales begin Friday)
- Yahoo plans budget cuts and layoffs
- NBC Universal outlines a plan for $500 million budget cut
- Signs of Hollywood slowdown
- Talk of he demise of the US Automakers
- Talks of layoffs all over.....
- The company I work for is reported to be looking at a big loss this quarter.
Labels: 10-20-2008, Economy, investing, stockmarket
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