Abandon Ship: 5 Tsunami Waves are Closing Fast on the Stock Market

1
1056

Posted by Lorimer Wilson

 

The reasons keep piling up to turn bearish and pile into safer investments. Here are 5 reasons showing that investors need to be on the watch for…tsunami type waves ahead.

Homes Sales Drop 3.5% in July – This marks the weakest sales (4.67 million) figure in 14 years, even beating last year’s disappointing mark of 4.91 million. This is despite the average rate of a 30-year fixed mortgage coming in at its lowest level on record (4.15) this week. This is data to fight the ever increasing hope that home owners have of increasing the value of their homes.

Jobless Claims Rise 9,000 – Last week investors were looking for jobless claims to be below 400,000; they got it. This week, not the same story as jobless claims went back up 9,000 to 408,000. This has prompted new conversation that the employment rate is not going to improve further. This news comes a few days after the United States Post Office informed that it hopes to cut 220,000 jobs.

(To read the remaining 3 reasons please continue to read the article on our associate site here.)

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleU.S. Department of Defense Contract Awards for Aug 25, 2011
Next articleAfter Musharraf it’s Zardari’s Turn To Get Ditched