January 22, 2008 at 11:00 am by Tom Lydon
The question on everyone’s mind is: just what is it going to take to give markets and exchange traded funds (ETFs) the kick they need to start moving in a positive direction?
Experts are increasingly reaching the same conclusion: time, reports Madlen Read for the Associated Press. The fact it, nothing anyone can say or do will be able to soothe the nation’s anxiety in the next few weeks.
- There’s good news for bargain hunters, who may see the recent drops as buying opportunities.
- Positive financial news from some large, multinational companies could lead to a few rallies. But the gains might evaporate just as quickly.
- Until all fourth-quarter results are in, many investors will continue to have too many questions to buy with confidence.
- This week, there will be some announcements: a report on December sales of existing homes, jobless claims and more earnings reports from banks.
- One strategist predicts that by the end of the first quarter, perhaps the market will find a little stability.
Tags | Financial
