Thursday, May 24, 2007

Correction in Sight?

You can begin to feel the energy slow down in the market. I've been watching the trading in China's Shanghai Index, and it finally traded lower today (about 0.5%). Former fed chairman Alan Greenspan made comments that their market will correct. He wasn't exactly going on on a limb in that statement, but it did catch the attention of a lot of investors.

One thing to remember is that weaker markets typcially open higher, and work their way down the rest of the day.

I think that the rest of '07 still has the potential to be a good year for investors, but I think short term, most likely during the summer months, we'll see a slower trend.

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