Sunday, Feb 22, 2009
Stocks – In the Clutches of Uncertainty
Investment Postcards: Words from the (investment) wise for the week that was (February 16 – 22, 2009)
A perfect storm of a deepening global recession and banking woes last week battered equities and supported the safe havens of the US dollar, government bonds and gold bullion.
Negative sentiment dragged the S&P 500 to seven points below its October 2002 low, whereas the Dow stopped only 80 points short of this key level. The next few days will tell whether the key chart levels will arrest the indices’ declines and the three-month trading range will hold, or whether more catastrophe lies ahead.
Read more about this, together with some thought-provoking news items and quotes from market commentators during the past week, in the weekly “Words from the Wise” review.
Posted by prieur du plessis @ 09:11 AM (264 views) Add Comment
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