Falling Wall Street due to Financial worries 25 August 2008

Wall Street continues the volatility as the market are very deep into the red zone as Dow Jones Industrial Index, DJI have dropped 238.31 points during the time of post.

The negativity going on with the market is due to mainly financial worries sparked by data on unsold properties or real estate which was at its all time high in the month of July 2008. Investors unimpressed by this data went on with the sell call which cause majority financial stocks on free fall.

AIG, American International Group fell $1, the steepest decliner so far in DJI.

A fall more than what was being gained on last Friday's gain set by the good news of declining price of crude which fell by more than $6 a barrel. Sweet Crude rebounded slightly after a big fall last Friday add up to the negativity of the market.

Based on the report by Yahoo News, many investors are moving to Government Bonds as they see the stock markets to be too risky and too much filled with uncertainty currently. This naturally brings more investors into Bonds which is a relatively safe haven.

This Wall Street trading session will definately negatively affect the markets that will be opening following on.

The above are all personal opinion and not at all an inducement to trade.

This work is licensed under a Creative Commons Attribution 3.0 License.

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