At present, 75% of Americans believe our economy is in a recession with no signs of recovery. There is no question that our economy is going through very tough times. More than 324,000 people have lost their jobs already in 2008. The economy is still in the midst of a mortgage and credit crisis. Rising food prices and energy prices have stretched peoples’ finances. The stock market is currently in a bear market stage. Collectively, these events have undermined consumer confidence and made people become much less confident in the future.
CNN recently quoted Mark Vitner, a Wachovia economist, as saying “From a consumer’s perspective, the economy is bad, and the enviroment is going to be tough for a while’ That’s pretty accurate.”
Investors need to monitor these events and evaluate the impact on their current portfolios. In certain cases, investors may want to discuss appropriate reallocations of their investment holdings.
Page Perry is an Atlanta-based law firm with over 125 years collective experience representing investors in securities-related litigation and arbitration. While past results are not indicative of future success, Page Perry’s attorneys have recovered over $1,000,000 for clients on more than 30 occasions. Page Perry’s attorneys are actively involved in counseling institutional and individual investors regarding their investment problems. For further information, please contact us.