Friday, January 25, 2008

Luskin: Panic Is Driving Today's Stock Market

Panic Is Driving Today's Stock Market (Ahead of the Curve) |

Interesting comments from Luskin, an economist who admits when he is wrong - wierd.

Luskin believes panic is driving the market, not rationality - which is normal. The market can react and overreact as it is driven by emotion in the short term.

I don't like the reaction of the fed or the government to this faux crisis. I'm all for tax reform, but I don't see any fundamental changes that need to take place in our government in order to really help our economy long term.

I do find it interesting that nobody is reporting the big drop in oil prices that has occured - they sure as heck reported the run up in prices.

Scott Dauenhauer, CFP, MSFP, AIF