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Stock Aug 2012 - "Stock Market: Olympic-Sized European Woes; Upside Emerging Elsewhere"

Stock Aug 2012 - "Stock Market: Olympic-Sized European Woes; Upside Emerging Elsewhere"

Stock Aug 2012 - "Stock Market: Olympic-Sized European Woes; Upside Emerging Elsewhere"

Excerpt


Stock Market: Olympic-Sized European Woes; Upside Emerging Elsewhere


In Europe, the financial system and the unstable euro continue to generate headlines. News of Barclay’s Bank rigging interest rates only added more spice to the headlines. This time, the banking scandal started with a British bank based outside the euro zone but not immune from serious problems. Closer to home, the U.S. stock market remained volatile, and stocks took an occasional drubbing for various reasons. The election season – coupled with anxiety as the Nation heads for the so-called fiscal cliff when spending cuts and tax increases are due to automatically take-effect – appears to be hindering economic growth. Are there optimists out there? If so, what are they saying? As always, the following are general observations. They are not intended to replace advice from tax and investment professionals.



 


 


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