30th July 2008. Weekly view on the stock & currency market plus a hot topic
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Equities
General view: Looking at the trading pattern there are clear signs of investor appetite for equities, but I apologise, it’s too early to enter the market. Two underlying forces are dominant, and not necessarily making life easier for investors in judging the market. The swings in the stock prices for financial institutions are abnormal. Therefore they dominate the large equity indices so much that it looks like an overall trend reversal when the banking sector rebounds. It’s just a rebound, as the pressure on banks will continue. The other force (and also bearish) is the global slowdown in growth. It gives a more sliding, but very fundamental, bearish pressure in a broad range…
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