The market’s anxiety over shrinking credit remains and will continue to haunt the investors this week, and even if stocks manage gains after weeks of volatility, no one will trust (including FinanceTwitter) that they’ll stick – reported AP. There will be no fresh start on Wall Street Monday when traders and investors get back to work.
Now what you can do is to sit on sideline, have a packet of peanuts and probably a cup of cappuccino or cans of beer and watch whether the moves by the Federal Reserve to calm financial markets will succeed. If not, what can the Fed do next? The main problem is no one really knows how widespread the mortgage problems are in the United States, if the problem is a real one.at the first place.
If the “uncertainty” was spread by some heavyweight speculators, then they indeed have done a good job in plunging the market not only within U.S. but worldwide. Triple-digit moves in the Dow are becoming a daily occurrence. The blue chip index is now 5.4 percent below its record, and stock market volatility, as measured by the Chicago Board Options Exchange’s volatility index, is at its highest level since April 2003.
Whether the other parts of the globe are facing the same problem in the housing sector is arguable but the volatility has definitely made its landing to the rest of the world stock market. So, expect the reverse of the morning trend in the second trading session towards closing. The zig-zag trading pattern might decide to stay for a while.
Other Articles That May Interest You …
- Another round of drop – Red Alert for Asia on Friday
- President Reassures Stock Investors
- Speculators & Fund Managers Art of Making Money
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August 13th, 2007 by financetwitter
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thanx sylvie for pointing it out … have paste the new code … hope it’ll work this time … i’ve forgotten the fuelmyblog changed their code recently …cheers
Hi,
Your voting widget is not registering votes at the moment, you need to update your widget. Simply login to your account with Fuelmyblog and follow the link for widgets. All the widgets displayed will have the right code for your blog and are ready to copy and paste!
I will vote for your blog in the meantime through the website 😉