The stock market managed to recover somewhat today after two straight days of heavy losses. However, we are not even close to being out of the woods. The economy still has much to be sorted out and lots of tough decisions have yet to be made. Investors are still squeamish, and they'll probably continue to be for a while. Some are saying that this is going to be 2008 all over again while others strongly disagree. On the other side of the coin, some found refuge during the huge stock market losses Thursday and Friday. An ETF (symbol: TZA) provided some, a large profit as the markets took heavy hits. TZA, the triple-leveraged small cap ETF (performing inversely to the Russell 2000), climbed high providing a nice profit amidst the chaos of the US downgrade. Many are questioning whether the US markets will recover fully or whether this will have an indefinite lingering affect. The answer is simple...only time will tell.
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