Below is an except from this month's MoodCompass:
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The stock market apparently made a bottom last month, but it’s not yet time to celebrate. The cycling of moods in April look like a harsh dose of reality clashing with burgeoning optimism. It isn’t pretty. The focus this month is not primarily the stock market. Believe it or not, there are other things happening in the world and in life to pay attention to.
In general, U.S. Society throughout the month is agitated, perhaps even angry. People are tired of hearing about the economic downturn and what needs to be done about it. They are tired of their government fighting about what should and should not be done. While social unrest around the world last month was quite high, it is yet to be seen whether this fuse gets ignited into some massive demonstration or outbreak in this country.
In the marketplace this month, look for a strong resurgence in the energy markets. Expect the price for oil and gasoline to climb throughout much of the month. There is also extreme action indicated in the currency and bond markets. In a global social and economic sense, things are on the unstable side of the scale.
Of particular concern is the week of April 13th. There is the possibility of an unexpected “extreme event” on a global scale. The manifestation in the US government is turmoil and chaos. Whether this occurs in this country, somewhere else, or “everywhere,” the scale is large enough to cause at least two weeks of disruption of the government’s focus. Public opinion of the government during this period should be extremely low as well.
To summarize, I will quote a colleague who is gifted in the use of metaphor: “April this year is like a sick, twisted roller coaster ride at a creepy, run down carnival. You just want to get off the ride and go home.”
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http://anewstory.org/markets/Apr09_MoodCompass.pdf (current issue viewable by research sponsors only; reprinted with permission of A New Story Foundation)