FTSE 100 @ 5129.92, -1.18 (-0.02%)
DJIA @ 11284.54, +134.72 (+1.21%)
NASDAQ @ 2161.97, +53.76 (+2.55%)
I see that global markets are increasingly irrational with a bounce earlier in the week on the back of hopes that the Chairman of the US Federal Reserve, Ben Bernanke would use a keynote speech on Friday to announce more economic stimulus as he did last year. Then running into yesterday (Thursday) those hopes faded and markets collapsed again helped by rumours that Germany would be downgraded ( http://www.citywire.co.uk: Global markets give up gains on Germany downgrade rumours).
Markets continued down today (Friday) as Wall St opened down but then, bizarrely following Bernanke's speech and no announcement of the hoped for stimulus (any decision being put of until a September meeting), markets bounced again. Falling with no stimulus and then up when this is confirmed!
I have always understood and tried to reinforce to myself the view that markets are not a one way street but this is just bizarre, seemingly irrational and impossible to predict.
Related articles:
- www.digitallook.com: US close: Investors seize on postives from Bernanke speech
- http://www.citywire.co.uk: Global markets give up gains on Germany downgrade rumours
DJIA @ 11284.54, +134.72 (+1.21%)
NASDAQ @ 2161.97, +53.76 (+2.55%)
I see that global markets are increasingly irrational with a bounce earlier in the week on the back of hopes that the Chairman of the US Federal Reserve, Ben Bernanke would use a keynote speech on Friday to announce more economic stimulus as he did last year. Then running into yesterday (Thursday) those hopes faded and markets collapsed again helped by rumours that Germany would be downgraded ( http://www.citywire.co.uk: Global markets give up gains on Germany downgrade rumours).
Markets continued down today (Friday) as Wall St opened down but then, bizarrely following Bernanke's speech and no announcement of the hoped for stimulus (any decision being put of until a September meeting), markets bounced again. Falling with no stimulus and then up when this is confirmed!
I have always understood and tried to reinforce to myself the view that markets are not a one way street but this is just bizarre, seemingly irrational and impossible to predict.
Related articles:
- www.digitallook.com: US close: Investors seize on postives from Bernanke speech
- http://www.citywire.co.uk: Global markets give up gains on Germany downgrade rumours
Post Title
→Market reaction to Bernanke keynote speesh is just bizarre!
Post URL
→https://national-grid-news.blogspot.com/2011/08/market-reaction-to-bernanke-keynote.html
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