In today’s world you never know how bizarre it could get. Like some unforseen hand directing our country to catastrophe Hurricane Irene seems to be heading into downtown NYC before the morning bell on Monday. Already investors have been uneasy about Ben Bernanke’s empty words coming this Friday. Increased joblessness rates didn’t help and counteracted Buffet’s play for Bank of America (BAC). Psychology is a large part investing and the psychology right now is not good and that is why the sell off is sure to continue if not quicken in pace.
Whether or not Hurricane Irene strikes NYC head on the damages could very well end up in the billions and that alone could be devastating to the economy and the market. This is the time to get out and sit on the side and wait until the storm subsides to reenter and invest again.
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