Friday, June 10, 2011

7% Down and Six Weeks in a Row

Six weeksWhy yes, the market is down 6 weeks in a row and is nearly 7% off its April 29th high.

I must've jinxed it last week. My bad!

Anyway, the reason du jour is global economic slowdown. Hmmm...

I blame it on summer. But there are some legitimate worries about the end of government stimulus. I also think that federal, state, and local governments are dealing with too much debt at this point.

Every summer sell off has its reasons. I still think that the economy is improving, and that will ultimately lead to higher stock prices. But just not now

blog comments powered by Disqus