Monday, August 8, 2011
Stock Market: The Flipside Of The Panic
The stock markets are under pressure again. Now many traders are panicking because of the ridiculous downgrade of the U.S. debt.
But, there is a flipside to the market panic. The price of oil is under pressure again, falling around 4% to $83. The interest rate (for treasurys) is also moving to the south.
Cheaper oil and credits are a big relief for the economy, especially for the wallets of the consumers, and should stabilize the stock market soon.
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