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Global Stock Market Sell Off and Extreme Volatility
It could be argued that even with the wild gyrations of the past few months, many were still in denial about the state of the financial markets.
Commodities slide down, Indices edge up
A one touch trade predicting that the Euro will continue to fall against the pound and touch 0.7775 in the next 16 days could return 68% at BetOnMarkets.
Red Devils on the Loose
A One Touch trade predicting that the GBP/ USD will touch $2.00 at least once during the next 16 days could return 28% in BetOnMarkets.com.
Stock markets had worst half year since 1970
The half year report card for global stock markets was not one to be proud of. The first half of 2008 was the worst first half to a year for the Dow Jones Industrial Average since 1970, when the index was down 14.60%.
Stocks down, Gold and Oil up
Financial markets were a sea of red numbers last week as the classic ‘Fade the Fed’ trade played out. The initial reaction to Wednesday’s US interest rate decision was neutral to positive, then the selling set in and hardly stopped.
Yet Another Tough Week
It was yet another tough week for global stock markets, with the Dow Jones & S&P 500 declining 3.78% on the week and the FTSE down 3.37%. With oil rallying $4, renewed trouble in the financial sector, downgrades to monoline insurers and trouble in the Middle East, markets encountered an ugly storm on Friday.
Credit Crunch To Spill over the World
With a slow start to the week on the economic news front, Traders at BetOnMarkets.com forsee that there’s a reasonable chance that last week’s momentum could spill over to the start of this week. A One Touch trade predicting that the Nasdaq Composite Index will touch 2395 at any time during the next 10 days could yield 15%.
Bear Stearns Saga - BetOnMarkets.com
Just when you think a trend has been established, the market throws you a wrench and totally changes the whole picture. Before the markets even opened, the Bear Stearns saga hit its highest note, with JP Morgan offering $2 per share for Bear Stearns, and the latter accepting, mainly because the only other option was Bankruptcy....
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