DataViews

market characterized by uncertainty

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it would seem to me that the stock market is currently characterized by uncertainty;

in economic cycles: lowering interest rates tends to signal impending recession

"the fed" lowered interest rates again today, seeming to be quite careful
not to use the "housing recession" expression;
instead chosing to call it an
"intensification of the housing correction"

such "intensification" seems to even show up in
"intense" price movements in stocks such as MGI
which has a significant customer base of
illegal aliens who utilize their service to send money back home,
(bank transfers of money requires identification)

in a current environment of housing related (construction) jobs drying up ...

such future money transfer business expectations might tend to ...

well anyway, MGI seems to have managed to draw down just about all of their
revolving credit line because of "market losses" in their investment portfolio,
causing the credit ratings agencies to start to issue warnings

stock analysts have also mentioned mortgage exposure of MGI

back in July the Washington Post reported that Western Union expected
second-quarter results for their money transfer business to be hurt
by the immigration debate in the U.S. Congress as immigrants feared
that wiring money back to their home countries would attract government attention.

please note correction of prior posting:
Western Union and MoneyGram are seperate companies
Western Union was founded in 1851
whereas MoneyGram was founded in 1926

oil refining "crack spread" would also seem to be evaporating away,
making oil refining currently less profitable
WallStreetGecko.com

it would seem to be a market of speculative moves
in a market characterized by uncertainty

in my non-contest portfolios I'm betting on a few solid dividend type stocks,
however such relatively "safe" investment style would not seem to qualify
in such a high risk contest environment

in the stock market: high gains most usually require assuming a higher risk;
which I'm not that comfortable with in a market characterized by uncertainty.