Wednesday, June 11, 2008

strategists have lost faith in the ability of stock markets

Most World Stock Markets to End 2008 in Red

LONDON—Global stock markets will not be able to overcome a lethal mix of rising inflation and a spill-out from the global credit crisis this year, with most indexes likely to end 2008 with annual losses, a Reuters poll showed. As a group, strategists have lost faith in the ability of stock markets to achieve anything more than a partial rebound, even though the U.S. Federal Reserve has hacked rates down to 2.0 percent

Posted by malct @ 07:58 AM (313 views)
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