When Ben speaks, Wall Street listens. Federal Reserve Chairman Ben Bernake spoke Monday in New York and reported slowing in economic growth in 5 of the 12 regions measured by the Federal Reserve Bank. This supports the position for further cuts in interest rates. The slowing crosses industry lines, but is perhaps most pronounced in housing, which will impact many industries and regions. Bernake said "further contraction in housing is likely to be a significant drag on growth in the current quarter and through early next year." And the market spent the week in a decline.
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So, fellow investors, where are the investment opportunities? How will consumers and businesses behave in coming months and years? How will the market anticipate and respond to this and coming news? Uncertainty of outcome is the definition of risk. Uncertainty creates opportunity. Great uncertainty creates great opportunity.