Thursday, August 20, 2009

Mega Sale is Back!!

Share market made a downturn in recent days with stocks around the globe, including D.J and Bursa went into the bear market terrritory:

... for the second straight session, fewer than one billion shares exchanged hands on the New York Stock Exchange, "suggesting that there hasn't been much conviction behind the recent moves," Briefing.com said.

Following the rebound, stocks are down less than one percent week-to-date after Monday's 2.4 percent drop, which marked the stock market's worst single-session percentage loss in six weeks.

Despite the recovery, analysts predict greater market volatility ahead."The good news is that there should be enough bulls sitting on the sidelines to keep US stock market pullbacks from becoming meaningful, but with global market sentiment turning negative toward stocks, we expect to see selling pressure build in the US stock market even though signs of incremental improvement in our economy continue to emerge," said Frederic Dickson, chief market strategist at D.A. Davidson & Co.