We are seeing that banks closures will continue to be problematic. From the second quarter of 2009 it has been reported that troubled banks rose from 305 to 416 in the second quarter. Secondly, I have said this before and it may start to be a reality. The consumer is not spending as much and it is affecting major retailers.  If people are over leveraged as is and are nervous we could see hundreds of retailers fold. What does this mean? It means that mini corrections may occur and this could happen for months or even years. No outstanding news or economic data has been announced that demands the market’s bullish behavior.

This entry was posted on Thursday, August 27th, 2009 at 1:54 pm 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.