Weekly Investment & Economic Recap: 3.21.08

March 21, 2008 |

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Attached/linked please find And That’s The Week That Was, the Brounes & Associates market/economic commentary for the week ended March 20, 2008.  If there is a harder working man in this country than Ben Bernanke, he should show himself now.  While academic/economist types are not typically known for their creativity, the Fed Chair has had those juices flowing lately by coming up with innovative idea after innovative idea in an attempt to save the economy from devastation (and preventing the onslaught of inflation in the process).  Of course, not everyone can be saved from collateral damage as Bear Stearns employees found out this week; but for the time being, investors seem to like the course in which the Fed is steering the economy. Equities rallied this week as more than a few bargains appeared.  Oil and gold prices fell for a change as speculators began to fear that the unbelievable (and unjustifiable) run in commodities may run have its course. The slightest bit of optimism returned as a few analysts even proclaimed that the worst of the financial crisis was now behind us (perhaps a bit premature, but the sentiment still rings nicely).  So enjoy the long holiday
weekend and come back Monday well-rested and ready for more of the same (wishful thinking).  And in the meantime. Go Horns.
Coming up in the week ahead:  Existing Home Sales (Monday), Consumer Confidence (Tuesday), New Home Sales (Wednesday), Durable Goods Orders (Wednesday), GDP (Thursday)

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