6/1/10

And they said........

The European markets are down more than 2.5% early this morning.

The markets are speaking. The European social democracy model is a failure. They said their form of socialism was better than our idea of capitalism. Europe is becoming a source of instability in the global economy.

They are proving that government programs are bound to fail if a country does not produce the wealth to pay for them.

Governments do not produce wealth. They are not designed for that purpose.

This is the reason we need markets. To tell us if what is going on in the world capitals is a scam or not.

The markets always win.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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2 comments:

Arif Hooda said...

Hay Dr.

Are we waiting to see peak in the growth of economy? Or economy is already peak in May and we are waiting to see peak in lagging indicators?

Please keep us posted.

Thanks,
Arif

www.peterdag.com said...

The action of the ECRI (see previous post) and commodities suggests we may be close to some type of slowdown. How serious? Too early to say.