It’s hard to keep one’s chin up when faced with all the discouraging economic and exchange traded fund (ETF) news that’s out there lately. The credit crisis, the falling stock market, large corporations taking big hits, small companies announcing 2007 losses. Where does the doom and gloom end?
Gary Gordon of ETF Expert cites a few reasons why it’s not the end of the world:
- Interest rates may continue to be cut by the Fed.
- The dollar is cheap, meaning foreign companies are going to want to invest in U.S. companies.
- The employment rate, on average, is better than it’s been in three decades.
That should be enough good news for you to turn that frown upside down!
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.