We are in a very bearish market and improvements are not likely due to the high cost of energy and money..
With expected lower earnings from many companies being reported and the high interest rate,we will continue this slide in the market with a possible uptrend with very little momentum.
Inflation is not in the immediate future,but the high cost of energy and with the cold season setting in will no doubt cause major concern where people are going to put their money.
Lack of capital is a much of a detriment to a healthy market as is the high cost of money.The elections are coming up in November and will be another reason why the market will stagnate..End of year tax sell-off will not help as well as the many who will get out on profit taking.
The ten year bull market is now officially over and will make lateral moves throughout the rest of the year and with a short spike in Jan.,because of the bargains due to lower stock prices and then will continue throught the first half of the year.
Our only remedy is for Greenspan to lower interest rates to offset the cost of money therefore neutralizing the economy and to prevent the market from dropping further.
This is my opinion on the overall market and it does not look good in the short term....
With expected lower earnings from many companies being reported and the high interest rate,we will continue this slide in the market with a possible uptrend with very little momentum.
Inflation is not in the immediate future,but the high cost of energy and with the cold season setting in will no doubt cause major concern where people are going to put their money.
Lack of capital is a much of a detriment to a healthy market as is the high cost of money.The elections are coming up in November and will be another reason why the market will stagnate..End of year tax sell-off will not help as well as the many who will get out on profit taking.
The ten year bull market is now officially over and will make lateral moves throughout the rest of the year and with a short spike in Jan.,because of the bargains due to lower stock prices and then will continue throught the first half of the year.
Our only remedy is for Greenspan to lower interest rates to offset the cost of money therefore neutralizing the economy and to prevent the market from dropping further.
This is my opinion on the overall market and it does not look good in the short term....
