Economic and financial market outlook

Uncertain times in the US and global economy. Although the financial market's performance is wanting, suggesting a weak economy, a double dip isn't entirely ruled out either. The pessimism in the market is probably overdone too.

Here is an excerpt from one of my favorite source of market commentary:

"That is only natural given the 17% slide that was witnessed between the high on April 26 and the low on July 1 and the macro factors -- Europe's sovereign debt problems, China's efforts to slow its growth, ongoing weakness in the U.S. labor market -- that precipitated that slide.

We, too, have had a more cautious-sounding tone in our market commentary, which is why we would like to take some time this week to discuss the alternative risk of a major move to the upside."

To read the full article:
http://www.briefing.com/Investor/Private/OurView/TheBigPicture.htm