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Thursday, October 04, 2007
What's Ahead for Financial Markets? Perspectives from Jeremy Siegel and Jacob Wallenberg
After a terrible August, when the U.S. stock market appeared to be headed for the pits, October 1 saw a massive rally that sent the Dow Jones Industrial Average soaring above 14,000. Markets seemed to be celebrating the effects of the Fed's interest rate cut, and media reports said money was pouring back into equities. The following day, however, stocks began to fall again -- because the National Association of Realtors reported a sharp drop in home sales. In short, Wall Street still seems to be sending out mixed signals. Read more...
posted by Charles Monat Associates at 2:42 PM
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