Investing in the End of the World
I hope that you had a wonderful New Year with family and friends. Now it's back to work, keeping an eye on the kids and making sure the portfolio is not attacked by the news of the day. As investors shake off the typical bout of holiday laziness and hopefully return to the game with an appreciation for mistakes made in 2011, there are a couple of opposing views on the markets and global economy to consider.
A peculiar sense of calm (we've learned that when this calm arises, it's vital to keep investing senses heightened) has engulfed the circumstances of the European Union's austerity and debt-deleveraging, compliments of action and jawboning by the powers that be. As luck has it, the U.S. market welcomed another month of unemployment below 9% and about 160,000 new jobs created in December (excluding government jobs, which are projected to decline). On the other hand, opinions regarding fourth-quarter earnings season are trickling in, with the term "earnings miss" being heard on more than one occasion....666 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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