Friday, August 5, 2011

US Economy

Yesterday US markets participated in global financial meltdown, following Asian and European markets. Lost 512 points on Dow, Nasdaq and S&P also followed suit. Today new jobs numbers went from 9.2 to 9.1, but this is mixed report, to say the least. All bets are off now, and US financial model is broken. Panic is not a strategy, but there are no strategies available in the midst of the unknown.

Markets at this moment are somewhat stable, but will likely continue downward trends.

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