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July 2008 - A Wild Ride!

Here's this month's MoodCompass excerpt:

June, we said, was the gateway to at least six months of increasing global chaos and disruption. Life in the U.S. and abroad would be outside of what we have come to know as “normal” in the second half of 2008. Well, we’re here now. After looking closely at the month of July, we are sorry to say that it still looks that way.

In July we should expect a global stock market sell-off, much worse than anything we saw in the month of June. Crude should continue to stay supported, even though global economies are starting to buckle under the weight of the high prices. With all of this turbulence one would expect high volatility in the currency markets. However, oddly enough, all indications are that the U.S. Dollar is unusually stable. It is unclear whether markets are simply non-directional for the entire month or whether some new type of external controls are added to currency markets to stabilize them in very volatile times. Behind all of this global distress appears to be extreme geopolitical tensions. The economic distress this month alone (and it gets worse as the year goes on), could be enough to cause surges in the unemployment lines. We again urge people to prepare for the possibility of a public panic event in the next few months. A presentation can be downloaded at: http://anewstory.org/documents/public_panic_crisis.ppt.

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For the lastest updates on social mood see http://marketmood.net.

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