There are three trading days left in 2008. Christmas had come and gone with no meaningful stock market rally. Tax selling will be over by Wednesday, December 31. What happened? Holiday sales were down over 8% and the economy is falling off of a cliff. The average American is scared. The market will probably do well for the rest of the year (three days). What about 2009? Gold? Silver? Currencies? Bonds? All the predictions are coming in the next few days.
Random thoughts....I think that the winter weather, good movies and great football is on the average investors mind this weekend....Israel and Gaza...Obama in Hawaii on vacation and a twenty four hour 'blackout'.....Christmas murder in Covina....it is time for positive thoughts for the New Year....Obama, Hillary, Kennedy, Peace, end of Bear markets.....more tomorrow..
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2 comments:
I love "positive" thoughts. I'm all for that. You're right though...so many are scared to BUY now. They're all holding tightly to the 'pocket book'.
Let's see what kind of rally we get in early January. :)
cool blog
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