Investors have for months now been selling stock because of fears about slumping projections on earnings and the slowing economy itself. Is this negative sentiment simply feeding on itself? We know the Japanese economy is weakening as the Nikkei crashed (there is that bad word) below 12,000 to the lowest point in some 16 years. Prices are too high and earnings too low. Europe is expected to outpace the U.S. economy. The U.S. is in slowdown but a major concern is the number 2 economy "Japan". This deflation can be parked at the door of globalization. Comments?
If you have money in stocks, you had better find something else. All the big money people have all ready pulled their money out, and reinvested it in gold. We are at about the year 1928, the stock market may last another year.
