This year, especially the second half has been filled with ups and downs. The market was steady for the first half, but then the second half was filled with much volatility as the credit and housing crunch unfolded. Many are wondering what 2008 will bring for the stock market. Housing is still expected to face further declines, as many markets that experienced the boom, are experiencing a bust. Not a bad deal for those whom may be in the market for buying. RIMM had another greatquarter, doubling sales. Wow, RIMM has been on a tear. I have also seen where the overseas market has faced increased demand of BlackBerry products and there is little no slowing in sight.Crude is steadily approaching $100 a barrel as demand and supply concerns increase.
Will the financial sector still continue its downward trend. Giants such as Bear Sterns, BSC, and Citigroup, C have tanked this year. Some think that a recession is a strong possibilty next year. The market will also feel the effects of a major presidential campaign that is going on right now. Who will be in office, Democrats or Republicans and what effect will that have on the market.
Either way, 2008 we bring volatility and always, trading opportunities. Happy New Year and stay tuned as www.freeoptionspick.com will add a few features which will yield more picks and alerts . For those not currently Platinum members, you may want to sign-up very soon, because $4.95 a month wont last long.
Happy Holidays and all the bestfor 2008!
Saturday, December 29, 2007
What a YEAR!
Posted by
Dre
at
8:16 AM
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