Grim Grim Grim... Grimace?
WELCOME BACK FROM THE LOOOOONG WEEKEND!
It sure felt like a really really long weekend as we watched Asian market meltdown and futures pointing to 500 points downwards in the Dow! So far, the "Stimulus Package" proposed by President Bush had served as nothing but a confirmation of the fears in the market so far... that the US economy is indeed in serious problem. So far, many investors are speculating that this is nothing more than a technical correction, however, with the President getting involved, they now know that its not as simple as that and are dying to get out quickly. The good thing about all these is that it is always the grimest before the grimace. We do need some stimulus for a big shakeout before the dead cat bounce that I mentioned could even take place.
It sure felt like a really really long weekend as we watched Asian market meltdown and futures pointing to 500 points downwards in the Dow! So far, the "Stimulus Package" proposed by President Bush had served as nothing but a confirmation of the fears in the market so far... that the US economy is indeed in serious problem. So far, many investors are speculating that this is nothing more than a technical correction, however, with the President getting involved, they now know that its not as simple as that and are dying to get out quickly. The good thing about all these is that it is always the grimest before the grimace. We do need some stimulus for a big shakeout before the dead cat bounce that I mentioned could even take place.
Labels: fundamental analysis, us economy
posted by Jason Ng at 5:51 PM
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