
The Financial Markets such as the Dow and Nasdaq lost 128 points, giving the blue chips an eight-day loss of just under 2,400, or 22.1 percent. The only good news is that fact the the SEC allowed short selling to re-enter the market for much needed liquidity.
Several stock and commodity broker don't understand why the SEC just didn't halt trading for the companies that they were affraid would be wrecked. Keeping the billions of dollars of manged money has been the main reason for this panic exiting by mainstreet out of the market.
Going forward into next week investors can expect a much less volatile retreat in the market, and even rallies.
When the short sellers exit the market they have to buy causing short term spikes and rallies similar to what was seen before this major crash.
Commodity Prices have been retreating as speculators sold and shorted the market due to less demand world wide.
Oil has retreated with gold on the rise. gold historically goes higher this time of year though with the up coming indian wedding season as well as the restructuring of fund managers portfoilios before years end.
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