The Investment Climate: July, 2008

We recently published "The Investment Climate: July, 2008" in the commentaries section of the Taylor Frigon Capital Management website.

We have written before (such as this post, from March of this year) that much of the turbulence in the financial sector stems from accounting issues, including mark-to-market regulation. We have also noted that, because of their accounting problems, "even the CEOs and CFOs of those firms [major Wall Street investment banks] do not have a clear picture of the conditions of their own balance sheets," as we discussed in this post from June.

Nevertheless, as we have also pointed out in recent posts, there are areas of opportunity for investors who are able to look past the current problems and take appropriate action.

For later posts dealing with this same topic, see also:

• "It's a panic, not a Great Depression" 01/21/2009.

• "Managing Investments in the New Era" 02/18/2009.

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