Tuesday, July 22, 2008

The Economy

Well it looks like Corporate America is having a time with the economy the way it is. I noticed Wachovia Bank posted a loss of 8.86 Billion for the 2nd quarter. Also I hate to see the Starbucks closings. Though I am not a coffee drinker, I noticed the location at Summer and Appling is closing (My mom is a wreck!). This is not good for Bartlett, since it was a great addition to the area. It looks like we will need to fasten our seatbelts for a long ride. Hopefully we will see a turn after the fall election since the presidential election is amplifying matters. This election is a real downer!

Anywho, I think this market lends itself well to the saying "Buy Low, Sell High".

No comments: