joes

Downward Correction Could Be in Store for the Markets

I still don't understand why this market is being talked about like it is on a tear of some sort, unless you just showed up in the last 6 months then you know that we are 5,500 below on the DJIA. The rise from 6500 isn't a rally of any sort in my book, just some aimless wandering as we slog through the troubles.

As for the American consumer being down and out, remember that 10% unemployment means 90% employment. There are some very good companies getting ready to make serious headway on problems like energy, transportation and agriculture. Tons of money will be made on water, and not just the $8 a gallon bottled version, the US is ahead in all areas of that industry.

We aren't out of the wood, hell I'm nearly 60 and we've never been out of the woods. We just get into clearings where we can see a little better, I think we are heading into one now.