Market Watch with Tom Waitt

November_23rd_2011.mp3 Positive GDP Growth    U.S. markets have little to be thankful for going into U.S. Thanksgiving weekend. Global concerns on sovereign debt ratios have ballooned into crisis proportions with the help of international media attention. U.S. GDP Growth Rate (Click For Larger Picture) Greed and fear rule when investing. The 1929 crash caused fears to elevate to panic levels bring on the great depression. Greed grew in the "nifty 50's as stocks rose 400% in a decade. In the early 1980's fear soared as interest rates rose to 23%. Stocks again soared 400% in the 1990's. Greed again enveloped participants as the dot com stocks overtook rational thought processes giving way to fear and panic when common sense returned retracing a third of the last decades gains. Panic set in on the 2008 subprime mortgage meltdown leaving stocks at low levels and investors losing a decade of performance. Current events are reported in a millisecond all over the world from European c