Investing and Global Finance News

Market Set To Open, But Economic Jitters Remain

With Irene having passed through the North East, Wall Street is set to reopen its doors.  Everyone can breathe a sigh of relief and quiet moment of thanks that there was not more damage, but the US economy seems to be slowing  none the less. The most significant indicators pointing to a possible double dip recession include a contracting GDP, chronic unemployment, and stalled manufacturing. These issues are not going away any time soon and with a dead locked congress unable to offer a any hope out of the economic quagmire the economy is in, the only way out seems to be for some sort of Fed intervention along the line of QE3, but the Fed is nervous since their bond buying scheme has come under scrutiny from even the most Fed friendly investors.

Still Good Investments to Make

Some investments to consider are playing long with anything to do with Apple. Yes, the stock jumped back up Friday after a little dip connected to Steve Jobs’ resignation, but in the long term Apple will only expand, especially after the iPhone 5 is released.  This goes for other companies that are in the process of striking deals with Apple to sell the iPhone in emerging markets, like China Telecom (CHL) and China Mobile (CHA) as well as Indian firm Tata Telecom.

Another Indian company Tata Communications Limited (TCL) is a good buy at 8.21.  This price is sure to rise as this company expands as it has been doing.  Tata Communications specializes in mobile and communications development.  It was behind the development of many popular iPhone apps like TrueRoots, a one touch dial service.

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