Eddie....I am wanting to buy DELL cheaper, and think it may be possible given current world situations.
1) We won't get a tax cut on the 29th...as an economist said this morning, our interest rates are already at historically lows for the long bond..the lowest since we've been keeping track....No lowering likely.
2) Greenspan said our economy is doing fine, except for some corrosion in certain manufacturing sectors...The labor market, however, one of the chief predecessors to inflation, remains tight..this will be a factor...even though housing starts were somewhat lower as reported recently they still are tremendously above the level considered to reflect solid growth, further evidence of growth.
3) Japan's banking reform is still too questionable to be believed..In fact there are many economists who think the REAL solution for Japan is to let the sick banks fail, not continue to try to bail them out...verdict on this move too soon to know.
4) Russia's printing of money, and a whole plethora of other Asian, Latin American, now European slowdown is in speculation, all provide a backdrop for questionable direction for world economies....These concerns WILL affect not only possible outcomes for our economy, but investor psychology until there is more evidence of world recovery from this "flu" that has spread all over the world.
But, I've been wrong before, maybe these are all non-factors to diddley.
Regards, George (P.S. Notice I didn't mention Clinton..He's a non-factor, already discounted.)
|
