The Dow, Nasdaq and S&P 500 are all down sharply since the beginning of the year... consumer spending and confidence have both dipped... profit outlook from bellweathers such as IBM and GM are dismal... oil prices continue to meander in the 50s... the Fed is slowly raising rates to combat fears of inflation...
Yes, the market has seen better days. But is everyone overreacting? Is this just a short-term correction or the beginning stages of a protracted bear market? What do you think?
1 comment:
I think the overall state of the economy is fairly good. We have steady growth in a number of sectors. We have growth in jobs and our productivity is at an all time high.
My unprofessional opinion is that this is just a hiccup and we'll see a continuing bull market.
Post a Comment