After the dismal showing of the economy last week (aside from the upturn on Friday) the US markets are looking a little bruised. Over 900 points were lost on the Dow Jones industrial last week as woes over the European Union overshadowed the recovery spirit of US investors. This week brings great opportunity in cheaper stocks, when others are faltering and selling it may be time to buy. Most stocks can still be purchased at extreme discounts, bringing of course great profits to those willing to take a risk. The Dow Jones et al are still trending up, most likely last weeks poor showing was a correction that was simply shaking off a few of the more fearful investors.
The largest question right now is will the EU dissolve and further degrade the global economy on the eve of recovery?
I believe not likely, the US is up to its neck in debt, but still blissfully plows deeper, why shouldn't the EU.
Similar to previous generations the burden is being passed on to the next, why not profit from it.
Monday, May 24, 2010
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