Market Commentary: The End is Near!

  There has been massive fear that the end of the world as we know it is upon us. That kind of thinking means it is more likely that the end of the bear market is nigh, not the end of our economic system as we know it.  

Truly we are and have experienced one of the most widespread historic financial crisis ever. Most of this crisis was caused by our mortgage market that spread worldwide, a system that was drunk on debt. Now that debt is unwinding and it is happening very fast. That unwinding has caused a run on most financial institutions and that has destroyed all confidence in some of the most well known and oldest companies in the world, some of whom where destroyed because of their greed. 

That is all doom and gloom and it has expressed itself by tanking stock prices of not only the financial companies but all companies.  

The real question is will all the rescue plans by all the governments in the world work? The answer is a resounding yes. It will take time and it is going to mean deficit spending on a grand scale but it will work. 

The final issue is what do we do? Has the market bottomed? When do we start aggressively buying stocks? If you have not Sold already it is too late to start now, you might as well ride it out. For those with cash, when do you plan to put it to work? 

Good Trading
Steve Peasley

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