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.
Written on April 1, 2008 at 10:23 am, by Administrator
No Comments
Categories: Issues
Tags: 3.4 trillion dollars, 787 Dreamliner, Accenture, ACN, Apple, Asia, Asian contagion, AT&T, BA, bear, Boeing, BPL, Brazil, BT, BT Group, Buckeye Partners, bull, cash reserves, CD, China, commodities, Congress, crash, DUK, Duke Energy, EEM, Eli Lilly, emerging markets, Energy Transfer Partners, Enterprise Products Partners, EPD, equity markets, ETF, ETP, Europe, EWJ, EWY, exchange-traded funds, Exxon, fear, fear factor, Federal Reserve, Fiduciary/Claymore MLP Opportunity Fund, FMO, Foundation Investment Group, FXI, global slowdown, Google, Great Depression, Hewlett-Packard, HPQ, IBN, ICICI Bank, India, Integrys Energy, interest rates, Internet bubble, IRS, iShares FTSE/Xinhua China 25 Index Fund, iShares MSCI Emerging Markets Index Fund, iShares MSCI Japan Index Fund, iShares MSCI South Korea Index Fund, iShares Russell 1000 Growth Index Fund, IWF, large-cap growth stocks, Latin America, LLY, Loomis Sayles Bond Fund, LSBRX, Managed futures funds, Markel Corp, master limited partnerships, microsoft, MKL, MLP, money market funds, MSCI Emerging Market Index, msft, Municipal bond, mutual funds, News Corp., Novartis, NVS, NWS.A, oil, Pepsico, profits, real estate, runaway inflation, Russia, S&L meltdown, Short-Term Bond, subprime debacle, Sysco, SYY, T, Taiwan Semiconductor, tax cuts, TEG, TSM, UBB, UNH, Unibanco, United Health Group, Vanguard fund, Vanguard Long-Term Tax-Exempt Fund, VWLTX, WAG, Walgreen, Wall Street, Washington, Watergate scandal, Wells Fargo, WFC, Zions Bank