RobertB
January 20th, 2008, 05:39 PM
Wall Street braces for more volatility
By MADLEN READ, AP Business Writer 2 hours, 15 minutes ago
NEW YORK - With Wall Street falling precipitously almost by the day, investors are asking what it will take to revive it. Market experts are increasingly coming to the same answer: Time.
There is no piece of economic data, no corporate earnings report, no move by the Federal Reserve and no government tax plan that will be able to soothe the market's anxiety in the next couple weeks over the weakening economy.
That's not to say the stock market will keep plunging the way it has been. To be sure, bargain hunters will likely see Wall Street's recent slides as buying opportunities, particularly if encouraging news comes along like a hefty interest rate cut or better-than-expected profits at the nation's big-name companies.
http://news.yahoo.com/s/ap/20080120/ap_on_bi_ge/wall_street_week_ahead;_ylt=AjoR0SMGKtS1LcbtO9.95O us0NUE
By MADLEN READ, AP Business Writer 2 hours, 15 minutes ago
NEW YORK - With Wall Street falling precipitously almost by the day, investors are asking what it will take to revive it. Market experts are increasingly coming to the same answer: Time.
There is no piece of economic data, no corporate earnings report, no move by the Federal Reserve and no government tax plan that will be able to soothe the market's anxiety in the next couple weeks over the weakening economy.
That's not to say the stock market will keep plunging the way it has been. To be sure, bargain hunters will likely see Wall Street's recent slides as buying opportunities, particularly if encouraging news comes along like a hefty interest rate cut or better-than-expected profits at the nation's big-name companies.
http://news.yahoo.com/s/ap/20080120/ap_on_bi_ge/wall_street_week_ahead;_ylt=AjoR0SMGKtS1LcbtO9.95O us0NUE