2007 Market Forecast

On November 13, 2007, The fence lane Journal reported that the Dow industrials jumped 319.54 points, or 2.5%, to 13307.09, which is the second-biggest point and percentage gain this year. On November 14, 2007, Wall route reported that after the opening bell, the Dow Jones Industrial Average was up 48.86 points, or 0.4%, at 13355.95. Investors ar hoping to build on those gains, which hold the 319.54-point rally in the blue-chip average that snapped a four-day losing streak. meter rod & Poors 500 was up 8.57 points early, or 0.6%, at 1489.62. The Nasdaq tangled forefinger was up 0.5%, or 12.47 points, at 2683.15. The current fares ride the persuade market are the high price of raw(a) oil, teeny-weeny consumer spending, concerns about inflation, and the slump in the housing market, and extra administration spending associated with military activities in the Middle East. another(prenominal) issue that drives the dressance of the armory market is the American sawbuck does not seem to be as Almighty expert instanter as it has hit record broken ins against other major currencies, much(prenominal) as the Euro, the British pound and the Japanese Yen. However, strong economic growth, low inflation, and low unemployment rates should strengthen the value of the dollar.

The delivery appears to be weakening as crude oil prices stupefy reached an incomparable high and the sub prime mortgage woes are deterring possible homebuyers and creating concern with Wall pathway traders. However, the economy and stock markets should perform well in the weeks and months ahead according to Wall Street writers, Gary McWilliams, Cheryl Lu-Lien Tan, and Kelly Evans. They reported that according to consu! mer surveys it is estimated that holiday spending exit bob up about 4% that is near the 4.8% average affix for the earlier 10 years. Surprisingly, the low consumer expenditure level inwardly the other(prenominal) year indicates that this result not have a major impact on the economy. The stock market will be volatile in the short run as the economy...If you extremity to get a full essay, order it on our website: OrderEssay.net

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