Sunday, Jan 17, 2010
Signs of fatigue on stock and commodities markets
Investment Postcards: Words from the (investment) wise for the week that was (January 11–17, 2010)
With investors’ hopes of an economic recovery that might have gotten ahead of reality, the Dow Jones Industrial Index experienced its largest one-day drop (-0.9%) of the year in a sell-off on Friday – unnerved by China starting to rein in liquidity and cautious earnings guidance – causing the benchmark US indices to register a fourth down-week over an eight-week period. Not surprisingly, VIX Index, also referred to as the “fear gauge” of US stocks, gained 1.2% over the week.
Read all 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 @ 07:43 AM (331 views) Add Comment
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