August is past, and it’s traditionally a blah month in the market. We saw the tech stock fantasia start to go poof starting last year and that dragged the market down. For a variety of reasons we’re teetering on the edge of recession (all kinds of recession-like things going on with odd here and there indicators acting like recovery is underway).
My company’s stock has dropped from 23 to 9 in 6 weeks, on the heels of 3 record quarters. We’re not a tech stock, we’re a 38 year old drilling and petroleum company and we’re doing well otherwise. But I can compare any of many other energy stocks and their curves all track ours.
So, are there any economics prognosticators out there who’d care to hazard some predictions?