Tuesday, November 16, 2010
Stocks Drop Amid Global Worries
The Fed's announcement of its $600B purchase of bonds a couple of weeks ago sent the stock market to the level before the Lehman Brothers debacle two years ago. Since then, the market has been relatively consistent. But today it plunged 178.47 points, below 11,000 which hadn't happened since mid-October. Investors are getting more sensitive to the debt crisis in Europe and potential actions in governments in developing countries to avert inflation. This goes on to show that many investors are still pretty skeptical of the recovery.
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Investors are not the major worries within the market. Although there might be some concerns within the investing group, they normally go for the long term return within their equity. On the other hand, I believe that SPECULATORS are the one that are more elastic upon the global worries, hence create some of the fluctuations within the market.
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