Monday, June 22, 2009

Monday Swoon

  • The market is back to caring about the end of the world as we know it. Has the news flow changed?  Not really.  Yahoo Finance says today's selling is due to "a lack of upbeat headlines."
  • When was the last time we had upbeat headlines?  2006?
  • The government intervening in the markets and corporations can't be giving investors confidence, either.   Seems like we've gone somewhat away from a free market economy to a central planning economy where the government intevenes on a whim.  If a company isn't competitive, the government isn't going to mandate success.  Won't happen.
  • How do you feel about the "cash for clunkers" program? didn't make any sense.Then it dawned on me: It didn't have to! It's a government program. As long as it's paved with good intentions, it doesn't matter if the road goes nowhere.  I agree.  It doesn't make sense.  Stop already.  And who pays for it?  Oh, you do via your taxes. 
  • I don't want to be too gloomy.  Overall, I think the economy is improving.  There is a lot more right than there is wrong.  Employment is a lagging indicator and as things improve, jobs will pick up.  Heck, even tax revenues will go up next April.  The headlines are reporting what's in the rear-view mirror.  We're probably in the Summer swoon for stocks and due for a pullback.  I think the Nasdaq 100 will lead the market once all is settled.  No matter what the front page headlines are. 
  • Jon and Kat Gosselin getting divorced!

Picture is of Dollhouse costar Dichen Lachman!

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