Roughly about a week ago we all were a little queasy after viewing our portfolios and 401K accounts. The economic picture in the US and in Europe made us all nervous and sent the markets in a spiral downward. The levels we briefly hit were low, so low that it nearly reached a 20% drop from the peak of where the market were earlier this year. This dubious drop is typically referred to as a 'Bear Market'. Since April, the markets have dropped about 17% from its levels at that time and have been rocky since then. Sooo are we back and is this RALLY for REAL??? Well you may not like what history says about 'Bear Markets'! Bear Markets are often marked with quick bursts of large gains like we've started to see last week and into this week. Why the roller coaster ride, maybe its because we (e.g. investors) have no clue each day which direction we think the markets are heading. And if we are clueless, history has often indicated that reality will often set in and then begins to turn back down.
URB Brief Notes:
- Netflix fumbles and backtracks. They drop separate websites, keep the high pricing and continue to disappoint.
- Sprint tumbles on news that costs are rising. Not to mention they aren't selling the I Phone 4S, which was just released...just the I Phone 4. I haven't seen David Einhorn bolt from his position so hold tight and double down off the 52 week low.
- I'll be releasing my latest quarterly alerts shortly, an interesting bunch.
No comments:
Post a Comment