Weekly Investmtent & Economic Recap: 3.7.08

March 9, 2008 |

Attached/linked please find And That’s The Week That Was, the Brounes & Associates market/economic commentary for the week ended March 7, 2008.  Not a whole heck of a lot to be optimistic about these days.  The economy is growing more and more sluggish with each passing day (can you say recession?).  Consumers are staying away from the malls (sorry retailers) as they become more fearful that they may soon become part of the unemployment statistics.  Financials still are taking it on the chin as record foreclosures prompt more write-downs and a few missed margin calls.  The dollar is plummeting; oil is surging; confidence is lacking.  And neither the European Central Bank nor OPEC are offering much help at all.  The bears are out in droves as the major equity indexes fell to levels not seen in a year and a half; each has experienced a double-digit loss on a year-to-date basis.  From a contrarian perspective, all hope is not lost.  When everyone and everything turn negative, it may just be time to turn positive. Investors, by nature, are wrong more often than not.  So, when all investors are saying “sell, sell, sell,” it may just be time to “buy, buy, buy.” (How’s that for some unfounded optimism?)
  
Coming up in the week ahead:  Trade Balance (Tuesday), Retail Sales (Thursday), CPI (Friday)

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