24 « May « 2009 « Investment Postcards from Cape Town

Words from the (investment wise) for the week that was (May 18 – 24, 2009)

By Prieur du Plessis, on May 24th, 2009 posted in: Investment, Markets, Money

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Stock markets kicked off the last week on a high note, but then the US parted ways with other markets as the remaining four days went downhill for American stocks. In contrast, global markets in general had only one down day on Thursday. In addition to non-US equities, risky assets such as commodities, oil, gold, silver and platinum, and high-yielding currencies performed strongly. However, safe-haven trades such as the US dollar and government bonds got whacked, especially following the S&P decision on Thursday to mark down the medium-term outlook for the UK’s AAA credit rating from “stable” to “negative”. This raised concerns that the US may face a similar fate. Read all about this and the implications for financial markets in the weekly “Words from the Wise” review. [...]

“Words from the Wise” – late delivery

By Prieur du Plessis, on May 24th, 2009 posted in: Investment, Markets, Money

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“Words from the Wise” will today come to you a bit later than usual as a result of “day-job” responsibilities. The customary commentary and a full dose of excerpts from interesting news items and quotes from market commentators will be posted during the course of the afternoon (EST). [...]