|
The Bulls run a bit on Wall Street |
|
|
|
|
Monday, 26 November 2007 |
|
Stocks are looking up as shoppers put Zip back into US Economy
Hold on tight the Bulls are back. The stock market has all the reason in the world to continue its downslide. The Iraqi crisis continues as a new crisis with Iran looms. Oil is about to hit $100 a barrel and the dollar has slid against all other major currencies of the world. This all should mean that investors will be cautious about investment making the market go down. Black Friday changed all of that as the American shopper has at least temporarily put some zip back into the American Economy. It sure looks like it needs it. The Bush administrations foreign policy blunders are playing heavily on the market. When the current peace summit in Annapolis goes awry as many expect, the market will also react. The most intriguing question seems to be what is to happen to the market if Hillary Clinton is elected President or the US attacks Iraq or both. Many see a major correction if one or both scenarios play themselves out. Its not clear when the damage of the sub prime meltdown will have minimal effects on the market. Billions of Dollars have been lost by investors over the past few months and investors are looking for good buys to recoup losses. The bull has started to run. Investor’s hope the bull doesn’t trip somewhere. |