It is believed that the terrible is yet to come. Economic meltdown and global recession have become the words of this season. It is predicated to be a very bad patch for investors lately, and this quarter is worst hit.
For four consecutive days, Dow fell below a whooping 8000 points, and tried its best to fight it out. It is being said, world over by all analysts that if Dow manages to sustain its spot for another week, then the good news is that the lowest standard gets decided, and a stable bottom will be set for investors.
This week, since the main bunch of report cards is going to come out on various sectors, the investors are preparing themselves to see the dreadful now. Although everybody is almost prepared for the GDP set back, but the final blow could just be in the form of housing numbers.
This is not only a week of setbacks and blows but also a week of change. This week marks the issue of latest Fed policy, although it is said that this one will not be as influential or impactful as the previous ones, obviously because bankers are said to keep the interest rates unchanged that is close to zero.
This week end brings the fourth quarter gross domestic report, which is expected to have gone down by an annual rate of 5.2%, its steepest fall in the last 26 years.
One of the CEO’S of an investment management company remarked that “we have been only hearing a lot of terrible things, but now slowly we are getting proof for it. We don’t know where to go now from here”
It is understood that the investors this time are looking forward, to getting some relief from the Obama administration, with consideration to the utilization of the remaining TARP money.
