08 August 2011

August Does Not Augur Well - US Market

Yet another August and a tumultous one yet again.  The market seems to have taken a little breather from the news that the US government wasn't going insolvent, and then decided that it still wasn't happy.  Or, there were enough insider news going on that S&P was going to downgrade the US's AAA rating downwards, and the market responded pre-emptively with the inside news.  Whatever it was, the rapid drop across the board and its subsequent "hut'chew" effect has caused yet another series of contagious effect.

Is this yet another once-in-three year opportunity for a Great Global Sale?  It may not be a market bottom, but I certainly view this as another fascinating buy opportunity.

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