Thursday, August 18, 2011

Will This Roller Coaster Go Up Anytime Soon?

Last week I thought the market bottom was about 1120 on the S&P 500 (the intraday market low last week was actually 1101) --- now, I'm not so sure.  The latest economic numbers for the US and Eurozone economies show more weakness than the forecasters expected.  In addition, neither the US nor the Eurozone is getting any of the bold leadership that will be required to achieve global economic growth and avoid global recession.

Buckle up and let's hope some in Washington and Europe find the courage to be bold.