Monday, March 3, 2008

CURRENT EVENTS: FEBRUARY- THE FINANCIAL SECTOR CRISIS CONTINUES

Source: The Richter Report

"Greetings! February's events confirmed that we are in the middle of the most serious banking and financial sector crisis since the 1930s. We also got more confirmation that the U.S. economy is in a recession. The technical signals for the U.S. stock markets continued to confirm that we are in a bear market. The actual performance of the stock markets confirmed it as well. Most important for those who are attempting to identify the current trend and invest accordingly, the precious metals and commodities continued to show great strength in February. Because of increasing global demand and monetary inflation, the metals and commodities remain the investment opportunity of the next three, five, or even ten years. Bull markets like this have generally averaged about 15 to 17 years, and the current bull began to stampede in 2001-2002. The general investing public is just beginning to wake up, but most investors will "get on the bull" when it is near its all time high. We are nowhere near that point now..."

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