Stock markets are now entering a period of painful decline as countries around the world face up to the prospect of recession. While interbank lending has eased tentatively as central banks’ measures to inject cash loans to banks unblocked the credit crunch, investors have little time to absorb the good news.

On Monday, we had a fantastic stock market rally after the US Treasury engineered a takeover of troubled mortgage giants Fannie Mae and Freddie Mac. Regardless of it being the costliest bailout in US financial history, investors’ confidence were restored… for a while.
Suckers, er, investors rushed into the stock market again, picking up oversold stocks as […]

The global economy is headed for a recession and the stock market decline is well underway - investors will not touch stocks with a barge pole. I do not foresee a stock market crash for SGX nor embattled Wall Street, but it is certainly a period of financial destruction if we are not careful.
At this […]

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Wall Street continue to finish higher on Wednesday. Dow Jones ended up 0.3%, Nasdaq composite gained almost 1%, and the S&P 500 was 0.4% higher. Falling oil prices and the likely approval of a House bill which will stabilize the collapsing residential properties sector cheered the market.
Under the new legislation, $300 billion will be allocated […]

Stock market actions on Wednesday were pretty much a repeat of what we have seen in the past few weeks. ST Index continued its descent to lower lows of around 2930 in the morning, the major culprit being a Dow Jones drop of 32.49 points to 11809.87 yesterday.
Fortunately, the situation improved after lunch break and […]