Paul Reilly Discusses the Markets, the Fed and the Economy

 

Just a Thought

 

August 5, 2011

 

Yesterday’s 513 Point drop of the DJIA was not fun to watch.  Everyone would like to know why it happened.  Well, here’s my opinion;  the market (which really means the institutions, retail investors, and money managers who participate every day) have been nervous - on edge about the debt ceiling, US unemployment rates, European debt problems, double dip recession, what the federal reserve will do, and another 1,000 issues.  Yesterday the 3 big central bankers of Europe all talked about problems in Europe – and said conflicting things – freaking out the European stock markets, which went into free fall.  The European free fall then spooked the US markets who worried that European economic issues will spill over into the US economy, and add to our already long list of problems.  And the US stock exchanges fell hard too.

 

Let’s remember that the issue to watch is, and always is – will the companies we own make profits this year and in the future (and how much).  Many of the discussions we read and hear about will affect that question – but remember – that is the question!

 

Call me and we’ll have that discussion.

 

 

Rich Holden, CFP

Branch Manager

Financial Advisor

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