Monday, June 11, 2007

Stocks once again refuse to trade lower.

Stocks had a flat day in the States after watching Asian and European sessions, for the most part, closing up on the day. As I have said in the recent past stocks are abit worrisome to me. I think that higher rates globally are going to have to be a drag on the markets at some point. As I pointed out in yesterday's post, higher rates have caused lower GDP numbers every other quarter (approximatly) for the last few. So although I think everyone needs a good portion of thier money in stocks, I think for now I sleep better with slightly less in the "kiddy".

Good Luck to all.




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