So guys.. The holidays are over, the USD is getting rapidly stronger (strongest USD vs EUR in 7 months), the oil prices are dropping, hurricane Gustav didn't cause as much damage as expected... It's time to start working again guys and gals.
Still soft economic news in the US, which will likely slow the rest of the global economy. We most likely have some more basing to do before an upturn. Oil prices going down and USD going up will help, but I fear it might be Jan 2009 before things turn around on the street. The presidential race will also add to the chaos. However, Sept and Oct are historically positive months (even with the Oct 1929 and Oct 1987 crashes).
I've been playing the stock market for months now, I love this volitale marketplace. I blog about it all the time - Ryan Eagle Blog. I've been playing the banking sector primarliy - drastic ups and downs. While i'm here working all day I can catch them... ... I need to update my blog with good news today. SCA jumped another ~15% (and ~30% yesterday).
stock markets are a joke right now. the global market will be down for next few years thanks to reckless ib on wall st. buy crude oil futures.
Its an election year, stocks almost always do bad in an election year and this year is no exception. Most experts say it'll be down for the next two years. These things tend to go in cycles but it always pulls back up over time.