The First Blog

Hi everybody, today October 10,2008 is the first time that I write for this Blog. This will be a Blog about Financial Markets, I will give my opinions about the US and the World Economies, about Financial Markets in general like stocks or commodities and I will even give some recomendations every know and then, based in whatever I am looking at.

I hope people find this information helpful and will come back to read about my thaughts and analysis.

As the moment of this writing, the Dow Jones is 400 points down, it started 700 points down and then recovered, and we will see where it goes from here. We are in the middle of a financial crash that will be remember for years from now. We will remember how much money we lost (individually and as a country), we will remember the firms that dissapeared already and the ones that will dissapear in the near future. But we won't remember what brought us to this point and which laws and changes from Washington made all this mess possible. By not remembering how we got to this point, we are setting ourselves for another financial crash in the future, another bubble that will burst.

As I said at the begginning, I will write as often as possible about everything going on in the financial world. For now, my only comment for you is avoid selling your stock holdings at these levels, and if you have money on the sidelines, put it to work on the stock market or the Corporate Bond markets in well known companies with a clear line of business. Avoid airlines, financials, and automobiles for now.



Until next time,



JCM