As Barack Obama has been saying for quite awhile now, investors can expect fluctuations until economic fortunes are reversed.
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Seems possible to me, but I'm not an economist. I'm just a guy who hopes — like everyone else — that this recession will soon come to an end.
"[S]ome market pros are worried the run higher has been too much, too fast," writes Alexandra Twin for CNNMoney.com. " 'We have a market that after a six–week rally was vulnerable to a pullback, sold off 4% or 5% and is now looking to move higher again,' said Steven Goldman, market strategist at Weeden & Co."
Will the Nasdaq take a tumble next week? It's a possibility.
In this economy, anything can happen.
3 comments:
I don't know? It seems like home sales are picking up a little bit around here, and the panic seems to be wearing off! I am optomistic!
I hope you're right.
How did that slogan go?
"We have nothing to fear but fear itself". I'm positive as well.
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