"Federal Reserve Chairman Ben Bernanke pledged Friday that the central bank will "act as needed" to keep the credit crisis that has unhinged Wall Street from hurting the national economy."
"President Bush on Friday outlined ways to help homeowners facing foreclosure - the administration's first effort to deal with an expected wave of defaults fueled by the mortgage crisis."
Dow is up by +173.23 at the time of writing. Looks like the US administrative side is start to looking at measure which would calm the investor. This would be good for the world. If US going to recession, everybody would be affected.
However, when the foreign fund would return to Asia remains as unknown. Invest only at your capacity. Don't trade on margin or loan, you should be able to stand any kind of volatility. Buy little on dip but keep your emergency fund intact. If the trading volume rising strongly, then it might signal the investors are back.
0 comments:
Post a Comment