After a few years of a so-called recovery since 2008, the world is still in turmoil. The markets are still wavering. Protests in Greece, double-dip housing in the US, Moody's possible downgrade on Italy's sovereign credit rating, and China's inflationary growth issues are all running rampant. The markets have a lost a trillion dollars in value since the S&P came off its highs in April and we're seeing the index less than a few points away from correction territory...
Another week, another...Well, let's be real, it's almost impossible to summarize in one word a market that has been aggressively trading sideways for the last three months. Spring time fever and the summer doldrums are beginning to set in quicker than ever. Bid support for many of the commodities-based stocks are falling by the wayside, forcing great stocks much lower than where they should be.
Controversy. Manipulation. Conspiracy. Corruption. Enron lives on? There are many words to describe things we don't understand and things we can't control.
Don't feel bad that summer is over. Don't feel bad that our economy is still a little shaky. Don't let the word "double-dip" scare you. Things are looking up...
There's no denying that China has become a country of serious power. With that power, comes worldwide consequences for all of her actions. Right now, no one is certain which way China is heading. Will China continue this massive growth and fuel the world economy? Or is there a bubble waiting to burst?
In one of his books, Peter Lynch gave us 25 rules that anyone can follow to achieve the kind of success he had. When we compared his rules to our own investment criteria, we weren't surprised to see that they are very similar to ours. As a matter of fact, they are very similar to some of the best investors in the world, including Warren Buffett.
While the world is still in the midst of recovery and at risk of falling into a double-dip recession, there is one nation who not only survived the market crash better than anyone, but has now become one of the first to true recovery: Canada
Although the markets have been rallying, we maintain our opinion that a correction will soon take place.
The markets have been turbulent to say the least. We knew the markets were due for a correction at some point. But this week the markets showed us once again who was boss.
Are we being tricked...again? Government spending is what governments do to get the economy moving again. So why is Obama announcing a spending freeze, yet continuing to push for of a second stimulus at the same time? Isn't that an oxymoron of a plan? It is. But it's not what you think.
The President explains that while he continues to focus on jobs, it is also profoundly important to address the problems that created this economic mess in the first place. He commends the House of Representatives for passing reforms to our financial system, including a new Consumer Financial Protection Agency, and blasts Republican Leaders and financial industry lobbyists for their joint "pep rally" to defeat it.