Wall Street is likely to face another volatile week
Monday, October 27, 2008 : PermalinkLos Angeles Times – In a typical recession, stocks start recovering about six months before the economy does. The crisis we’re in right now, however, is anything but typical: Lending is frozen, hedge-fund selling is happening on a massive scale, and economic troubles have spread all over the globe.
As a result, it’s possible the economy will need to show signs of strength before the stock market stabilizes and regains steam. So with readings getting darker by the day, expect more of the same this week: extreme volatility.
Tags: bankrupt-companies, bets, blue-jays, business-activity, hefty-fees, mapeley, mate, pariah, schaeffer, shanghai-composite, technical-strategist, us-federal-reserve
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