Most of the world’s stock markets are down for 2011, including our own. With all the giant increases lately, our markets are still down. The rest of the world is down even more. Canada is down 12%, Japan 14%, Hong Kong down 16 %, France down 17%, Germany down 15%, Russia down 20%, India down 31%, and China is down 28%. We will have an expensive and divisive election in 2012. Whatever the outcome, the American people will face a lot of troubles. Usually, the third year of a president’s term has positive results for the S&P 500. 2011 could be the first time a third year of a presidential term will see losses in the S&P 500 since 1939.
Jerry
Jerry Szeszulski (shoe shell ski)
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