Periodic News Summary

Commentary: for months now we have seen the stock market going up and up while the signs of the economic downturn -that is, high unemployment and home foreclosures- continue undiminished. For months now we have been warning –in our Spanish edition- about shares of badly managed companies with terrible performance that, since March, have doubled and even tripled in price. That is, there are many companies with inflated stocks at a time that the stock market has been in an “optimistic rally” while the real economy is in poor shape. In the same manner that we warned our readers in the 2007-2008 period we warn them now: it is time for a new correction of the market. If it does not occur in the next 60 days it will occur later with an even greater decline.