Purron
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 23, 2007
- Messages
- 5,596
I've tried to remain optimistic and shrug it off, but do have some concerns.
http://www.wtop.com/?nid=628&sid=1658373
What say you? Routine "correction" or a sign of difficult days ahead? Or perhaps some buying opportunities on the horizon?
But for now, signs of a more sluggish stage of the economy are spreading. The Dow Jones industrial average plunged nearly 280 points, or 2.2 percent, wiping out more than one-fourth of the year's gains. The Dow's plunge followed news that:
- U.S. manufacturing output expanded in May at the slowest pace in 20 months.
- The payroll firm ADP said private employers added a net total of just 38,000 jobs in May, the lowest figure since September and down sharply from April's 177,000.
- Auto sales tumbled last month after surging earlier in the year.
- Construction spending remained scarcely above its lowest level in more than a decade.
http://www.wtop.com/?nid=628&sid=1658373
What say you? Routine "correction" or a sign of difficult days ahead? Or perhaps some buying opportunities on the horizon?