Wednesday, January 02, 2008
So far 2008 look to offer more of the same,
Energy, Agriculture And Global Construction look to continue to dominate, the key to 2008 looks to be when will the financials come clean and turn around and my guess is a lot of money will be made in financials once this happens but at this point and I know I was late to the party on”sub prime” I think there may be more bad news to come. Several major regional banks are have trouble raising capital and as I warned in my previous post I have become concerned about a spill over into the Muni bond Market. Perhaps a clue to the bottom in financials will be when Citibank cuts its dividend or some shot gun weddings arranged by the FDIC or SPIC.