So market is still going down around the world, this time some stocks are facing huge corrections. Not only in stock market, Gold has also come down from $1400 level to $1300 level as well as Oil from $88 level to $82 level . So correction is going around in most of the sectors.
Again the debt crisis, it is not something that suddenly comes up but it is quite a while now, the thing is that we forget what was the case in last 6 months ago & we all Know that countries like Greece, Portugal , Spain, Ireland & Italy are facing this problem. EU governments have established $1 trillion rescue package with the help of IMF to help these EU nations. But the problem is
Ireland’s domestic policy makers & some countries like Finland have different opinion, they think can come up on it’s own from this situation. But German & some other EU members think that if Ireland does not take rescue help now this problem not only reaches to other already weak EU members but this can be a threat to EURO and as well as global economic recovery. Ireland
I think this problem will not only a danger for bond market but it will also negatively effect already effected stock markets.
Chinese markets are hugely corrected as I was telling last day, the rate effect & fear of a slow-down are contributing much on it .Other markets were also corrected around 5%. Even today Asian markets were down especially Chinese.
All these corrections are making some stocks more cheap to collect for an upcoming ??????????