Wall Street’s woes escalate ahead of earnings wave

Yahoo News- Investors can’t seem to catch a break — Wall Street again starts a week with oil prices at their highest levels yet, and banks poised to reveal that they remain on shaky footing.

None of the troubles that have rocked the market over the past year have let up yet: not the housing market, not high commodities costs, not the ailing financial system.

"We’ve got a fistful of drivers that are working against the market," said Arthur Hogan, chief market analyst at Jefferies & Co. "And they’re all important."

It’s a different collection of worries than the ones that hurled stocks lower at the beginning of the decade, after the technology bubble burst and the Sept. 11, 2001, terrorist attacks sent the country reeling. But many on Wall Street are worried that the effects of the country’s current problems could end up being just as devastating, or more so, for stocks.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.