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 By Prieur du Plessis, on November 23rd, 2008 posted in: Investment, Markets, Money  2 people had their say - chime in!
A new bout of fear gripped financial markets during the past week, causing the slide in global stocks, commodities and emerging-market assets to deepen. However, Wall Street regained some confidence late on Friday on the news of Timothy Geithner’s nomination as the US’s new Treasury Secretary. Read all about this in my weekly “Words from the Wise” review. [...] By Prieur du Plessis, on November 21st, 2008 posted in: Investment, Markets, Money 3 people had their say - chime in!
As fear stalked global equity markets over the past few days, volatility continued unabated and the CBOE Volatility Index (VIX) again scaled the panic levels of October 10. Once the forced deleveraging selling starts subsiding, we should see a return to lower volatility levels and a return of confidence. For a more lasting market turnaround to happen, I would like to see more evidence of base formations, a 90% up-day, and relative outperformance by the financial sector. [...] By Prieur du Plessis, on November 21st, 2008 posted in: Investment, Markets, Money Leave your comment
Another week and another batch of fascinating video clips about bailouts, economic woes and other grim matters. A number of the more interesting clips that have attracted my attention are shared in this post. [...]  By Prieur du Plessis, on November 20th, 2008 posted in: Investment, Markets, Money 6 people had their say - chime in!
Yesterday was another ugly day for stocks, with bourses around the globe falling victim to strong selling pressure. Oversold conditions have so far not produced more than a temporary reprieve, and nobody knows how far down this bear market will fall. Until we see more signs of base formations being developed, one should tread very cautiously. [...] More on this topic (What's this?) DJIA Chart – Trading Channel or Not? (My Trader's Journal, 5/13/12) The Dow Reaches a Four-Year High (Wall Street Daily, 5/2/12) Earnings Fuel Stock Market Gains – Dow Jones Soared More than 100 Points Midday (Money Morning, 4/20/12)
Source: Barry Ritholtz, The Big Picture.
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The global credit crisis has moved South Africa’s dependency on global capital flows to centre stage, especially as the country’s risk rating has been downgraded by three of the world’s four large credit-rating agencies. Given South Africa’s high current account deficit, this news is cause for concern. The current account deficit [...] More on this topic (What's this?) New and Puzzling BRICS Cable Proposed (Telecom Ramblings, 4/19/12) Valentines Day, Part II (All Allan, 2/14/12) Recessionary US Economy Will Limit Dollar Recovery (Contrarian Profits, 8/18/08) |
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