Well, last week sure looked like there would be some direction didn't it? Well, not so much. Initially the chart went into a corner and broke down like I thought it might with all of the bad news, then popped back up later that day, then went down on Wed and Thursday, but Friday popped back up again. Oh the markets, so fun to watch.
Eventually, there will be decisions that will turn this one way or the other from the governments of the world. What are they going to do though? Something, or nothing. Until we hear that, I think we're going to be stuck in this sideways pattern. There may be some very serious underlying problems in the shadow banking side of things that are forcing the buying of time (not allowing the market to correct down) right now. I mean, who really wants another crisis like 2008? I sure don't. But they aren't really coming out and saying we're going to print a bunch more money to offset it either.
I guess we'll see next week what could happen.
No comments:
Post a Comment