US Markets are Back in Business

28 02 2007

After yesterday’s dramatic sell off saw the Dow Jones Industrial Average drop over 416 points, today the US markets opened higher and kept trading.  What we seemed to see yesterday was just a market correction, particularly in the manufacturing industry, that has been coming for some time now.  What goes up must come down, and the markets have been heading up for a while now, despite some depressing data about the economy slowing.  This was going to happen sooner or later, and the sudden drop in prices makes this a great opportunity for speculative investors to get a bigger piece of the market and ride out the correction in order to position themselves for the inevitable up swing.  Fed Chairman Ben Bernanke pointed out this morning that “the markets appear to be working well” and that the correction yesterday does not seem to have a “single trigger” but was a confluence of events that created the appearances of an emergency. 

Gray skies are already starting to clear up…

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