Blog : Penny Stock Blog Feb. 3rd
February 3rd, 2012
Welcome to the penny stocks blog!
In today's penny stock blog:
- Dot Com bubble all over again?
- Egypt and Syria Civil Wars
- Great Employment Numbers...? Or are they?
These are just a few of the things going on in the world of penny stock, and we'll discuss them in today's penny stock blog.
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With the Facebook IPO (and the surrounding hype), all penny stock related to social media or the internet are climbing fast. Is this just the dot com bubble all over again?
Make sure to read our former penny stock blog, where we discuss the Facebook IPO, and how it will affect penny stock investors.
Well, it eventually could reach that point, but it is nowhere near being a bubble. The main reason for that is we were down so far to begin with. If you live in a 20 foot pit in the dirt, even climbing to street level is going to feel like you're getting high. (And if you get high a lot, maybe that's why you live in a pit in the ground!)
There could be a lot of room to run for many penny stock in the social media space. They may continue to rise as we approach the Facebook IPO date, but that may be the inflection point where they reverse. So, just be cautious, because it eventually could be a significant and quick correction.
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Two American women were kidnapped in Egypt this morning. Over 70 soccer fans were killed in Egypt on Wednesday, mostly due to a stampede. That stampede is blamed upon the military, and now Egypt has descended into a state of chaos. The Interior Ministry is under siege by protesters, and buildings are burning. The Egyptian military is responding, which has resulted in more deaths of protesters.
What happens now? The same thing that was always going to happen - civil war. Just as we explained back when Mubarak stepped down and the people celebrated in the streets. The underlying problems (inflation, no food, no jobs, no medicine, dictatorial military control) has not gone away, so this situation will continue to deteriorate. You haven't seen anything yet.
In Syria 68 people were killed on Wednesday. It will become civil war also.
Libya, which is made up of 140 different tribes, will also enter another civil war, after the last one which "removed" Gaddafi.
There will be many impacts on penny stock and penny stock investors. We are watching the situations closely, and will apply them to our penny stock analysis and research into our penny stock picks. We will also add more information here, to the penny stock blog.
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Awesome employment numbers released today. 243K new jobs (where only 150K had been expected). Unemployment down from 8.5% to 8.3%. Sounds great on first glance, but there are over 1 million people falling off the roles, meaning they are no longer being counted as "in the work force." They are still unemployed, but aren't actively looking for work.
Taken in a vacuum, we are moving in the right direction with job creation. However, the unemployment rate needs to be taken with a grain of salt, and needs some improvement from here.
As we've mentioned on our penny stock blog before, our penny stock Facebook page, some press releases, and lots of radio interviews, we think the $2 trillion of cash being hoarded by America's corporations will start to come back into the economy (it already has started). This will drive down unemployment, and really help stock, penny stock, and the economy.
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