Wednesday, March 16, 2011
MCO Update March 16, 2011
The 9.0 earthquake in Japan has caused the Japanese markets to crash. What we are seeing now is the spillover into the US and world markets as investors become highly risk adverse. Also elevating investor anxiety is the uncertainty over the reactor failures in Japan. The situation is very fluid and not good, so even though the fundamentals of the US markets haven't changed that much, just the fear is enough to prolong the bottoming process.
Click to enlarge
Subscribe to:
Post Comments (Atom)
1 comment:
George, Glad to see you back! Hope your absence wasn't due to health. I don't know about you, but I'm getting up there.
I agree with your take on the future - haven't hit the short-term bottom yet.
I've pretty much taken off my trading spurs, and have moved to income producing vehicles - mainly pfd's and some CEFs. Between work and being on call 24 hrs a day didn't leave a whole lot of time to do required DD. May start trading again when they put me out to pasture...
Off to Az for a two week vacation, then back to the grind. Hope you are well, and don't stay away so long!
Russ from LutzCats
Post a Comment