Tuesday, October 25, 2011

2 Main Concerns

Two main issues that I'm currently concerned with are:
1. The near $20 increase in the price of a barrel of oil (its gone from $78 per barrel to over $93 over the past several weeks).  This will act as a headwind as consumers are forced to pay more at the pump.
2. The lack of direction and agreement coming out of Europe in dealing with the financial crisis.

My biggest fear is that the European Union fails to come up with a plan to help certain European countries avoid bankruptcy, and if this were to happen, then global markets would suffer and sell off.

So, as long as the price of oil/gas stays high, and until we get more clarity as to a resolution in Europe, color me concerned.