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Wednesday, July 7, 2010

Sometimes you just cant make sense of everything

Invsetors have recently been pouring money into bond markets and seeing gold prices soar as a flight to safety. Talks of a double dip recession and financial bailouts have dominated the news lately and at yesterday's close there was a death cross in the S&P 500 where the 50 day average falls below the 200 day average, a typical signal of a market decline...but wait! the S&P 500 was up 3.13% on the day and people will get to go home today feeling a little bullish about their investments. This just goes to show that no matter how much analysis and economic data that is produced, nothing can predict the movements of the market. As an investor, if you cannot come to terms with this you might want to think about a different way to spend your money.

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