cedop,
The market looks forward. This is different to 1997. Now it has been preceeded by pumped up growth upon which too many plans were based. Growth that had to fail at some point.
Outside of real US earnings, look at peak oil. It was not effecting supply in 1997.
In terms of DJIA we need to move beyong announcements to some real positive news. ie GM going broke, unemployment rising, home foreclosures, low housing starts etc
All the bad real news has to play out before the announcements by pollies can have a lasting positive effect (even if they only moderate the bad trend)
Find a safe seat in this horrible game of musical chairs.
Cheers,
Al
cedop,The market looks forward. This is different to 1997. Now...
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26,683 |
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