We saw major downward moves this week as the Dow trys to run from 14000.
Today alone the DJIA was down 208 points to 13,265.
As Fannie Mae and Freddie Mac toward possible $4.7 Billion in bond holding losses,
the subprime mortgage market starts to cause ripples worldwide. And as that happens, the US starts to see repatriation of US Dollars.
Will the Dow bounce back? We are not 100% percent sure. If Interest Rates drop, which currently look good before the end of the year, there is a solid chance that the Dow might bounce back for us.
-----Good Fortune
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment