Tag Archives: Boeing
The mercury is climbing, blossoms are bursting out — so does Wall Street finally get to celebrate a springtime of its own? For eight long months now, a ferocious credit crunch, unprecedented since the Great Depression, has trapped investors in a deep freeze. Not only stocks and real estate, but even some of the (reputedly) safest bonds and money market instruments fell victim to the Arctic blast.
Happily, I’m detecting hints, here and there, of a thaw. It’s taking a lot longer than I had hoped, but we will see the end of this new Ice Age. As a balmier climate sets in, we can look forward to healthy markets again — and a return to the steady, consistent profits we enjoyed from 2003 to around mid-2007.
Don’t get too bearish! I know, we’ve been telling you that the stock market will probably head somewhat lower over the next couple of months. But it won’t be a murderous decline, and it won’t last forever. In fact, we got some news today that could prove extremely bullish over the long run.
Big test, coming right up! We have to admit, we aren’t thrilled with the way the old year is winding down on Wall Street. After November’s counter-seasonal drubbing, we were hoping for a better December than we’ve had. It may be that an exceptional amount of tax selling has put a drag on the stock market right down to the finish line in 2007.
OK, Santa, what’s in your bag? Christmas cheer was late coming to Wall Street this year, but today’s rally may signal a change for the better. We’re especially pleased with the late surge in the bank stocks, which have been hammered for the past 10 months.
Tough break! We were prepared for a minor pullback this week, but stock prices took a surprisingly hard knock after the Fed’s rate cut Tuesday disappointed some market players.