Wednesday, January 23, 2008
All Share Continues Slip and Slide - Down 0.4%
Extreme volatility is the order of the day. Any headline you read is likely to be obsolete five minutes after going up. Like this one: JSE up 0,42%; tracking FTSE . In fact in the last minute the JSE has climbed another .2%.
“We consider the Fed’s rate cut still insufficient for the global financial markets to completely recover and help the Japanese stocks to fully rebound,” Credit Suisse chief strategist Shinichi Ichikawa said.
World markets still volatile
The market is nervous and it should be.