Monday, September 22, 2008

Market can't get past underlying problems

With last week providing several shocks in either direction to the market, our hope was that this week would bring some stability to help forecast the future. However, today's selloff puts the momentum squarely with the bears, and is not likely to end anytime soon. A government bailout does not seem to be calming the markets which must still deal with a continuing housing problem, liquidity problems in the fixed income market, and high energy prices.

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