BY: FRED ARNOLD
Ouch, here we go again????...The stock market is taking it on the chin this week, especially on Wednesday and Thursday in which the market posted the biggest losses so far this year. Is it time to panic? I don’t believe so.
One of the reasons for the stock market declines is that Europe is once again back in the picture as economic data reports from the other side of the Atlantic are continuing to show signs that the European economy is slowing down. Before we were dealing with the threat of European countries defaulting on debt, this time around it is simply that their economy is slowing. Because we exist in a world that is a global economy that is all connected, whatever happens in Europe will impact the U.S.