August is generally a slow month, so if the market can’t get moving we may see a bear market again! People take vacation, move, or just sit and watch the market in late summer. This doesn’t mean t will happen but is something we should watch. The dollar 78.97 should be on the rise while the stock market drops; inversely the Euro 1.41 will pull back. Yes, we are seeing stronger earnings from Boeing, Pepsi, Caterpillar, and Merck this week but inflation woes and language the Fed is using is confusing the nation. Corporate cutbacks does not mean a company is profitable or creating income from customers. That games is getting old! Stop pushing back recession dates, telling us jobs are going to be created, and that everything is under control. We need to see and understand the truth. I know I sound like a pessimist but being a believer in our country I want to know all of the information and not half truths or off kilter language. We shouldn’t have to interpret!

This entry was posted on Wednesday, July 22nd, 2009 at 9:58 am and is filed under Financials. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.