With great anticipation, many tuned in to see and hear Ben Bernanke in his first new conference following the FOMC meeting. I must admit, had it on in the background and zeroed in as I heard things that caught me attention! But, one must ask, do we know anything more now than we did before the conference? I am not sure that we do! I think the only thing he made clear is that he is going to stick to his plan, that it is working and he believes it will continue to help the economy grow...
I wonder what the traders are really feeling? The dollar is once again weaker and precious metals have spiked. As the dollar gets weaker, our money doesn't go as far... fears of inflation continue to haunt us and the dollar will probably not see and gains for months to come! So, am thinking that at least through the end of the year, more of the same. If anything can be good about this it is that interest rates will probably not move much, giving buyers a little more time to find and close on the purchase of a home.
This also leads me to believe that although the market may go higher for the short term, it is setting up for a correction and your investments will once again take the hit! Be cautious, look for investments that do not put your money at risk with every bit of news that hits the press! Learn and understand how banking really works. There are a wealth of books on the topic and that insight will help you to find a way to invest your hard earned money while minimizing or eliminating risk!
Our Tuesday evening Online seminar is a great place to start. An hour of your time will give you great insight into how banks work and how they make money!It will help you to see how you can mimic the banks and grow your investments with little or no risk!
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