The US is officially showing some acute signs of decline
The US is officially showing some acute signs of decline. Though, I love the DOW and our country, the fact that Cottonelle actually used Tori Spelling and her husband to determine if people rolled their toilet paper over or under is not promising. The story was reported by PRN on the wires between a PBOC statement on Monetary Policy stance and the EU’s Barroso commenting on Nuclear Waste issues providing further evidence why people think the US decline is eminent. Over / under on how long that ad exec will keep position? It is March madness?
Nearly every major Asian stock index was up nicely on the day and Europe is trading up on the Greek news we commented on. US Indexes are up in Europe so it looks like another great day for the US markets. Breaking through Dow 10,500 may attract some profit taking though the technical momentum looks more like the market will test 10,750 or even 11,000 first. And I admit my opinion is biased as I’ve projected Dow 12,000 for year end. There is just so much cash on the sidelines and I don’t see it going too many other places unless the offshore funds sneak another round of air investments past the regulators in the form of asset based exotic derivatives stemming from the Trillion dollar looming commercial debt debacle. There is significant uncertainty related to this situation and definitely high up on our watch list.
March 8, 2010 No Comments
Hot Penny Stock - Hot Penny Stocks
For the impulsive buyer, a hot penny stock is just the thing! Almost everyday, the stock market showcases lots of hot penny stocks which may be considered for investment purposes. While some of these stocks are high technology stocks, belonging to biotech or telecom sectors, trading in them may turn into a risky proposition if necessary precautions are not taken. The trick is to learn the ropes that will aid you in approaching the most hot penny stock which will generate a consistent and respectable amount of profit within a very short period.
Read more on Hot Penny Stock.
October 22, 2008 No Comments
