People should invest in shares cautiously, SKB-Bank warns
4 February 2008 (09:19)
'The recent 19% downfall of RTS index was followed by a 7.5% rise, whereupon it dropped again by over 6%, which resembles a saw-like pattern,’ SKB-Bank’s Trading Operations Director Evgeniy Batuyev said to UrBC.
'I would expect the market to gain only slightly positive dynamics in the nearest future, since a lot of experts believe events will be influenced by the current imperfect state of the U.S. economy (an economy that influences global affairs a lot). There is no reason to panic, however, recession is not very likely,’ he added.
'It’s also true, though, that the Federal Reserve System meeting on January 22, 2008 resulted in the further lowering of the rate by .5%, so, people who like to invest in shares should do so extremely cautiously. One must be prepared to sell quickly in case another downfall occurs,’ Mr. Batuyev said.
'I would expect the market to gain only slightly positive dynamics in the nearest future, since a lot of experts believe events will be influenced by the current imperfect state of the U.S. economy (an economy that influences global affairs a lot). There is no reason to panic, however, recession is not very likely,’ he added.
'It’s also true, though, that the Federal Reserve System meeting on January 22, 2008 resulted in the further lowering of the rate by .5%, so, people who like to invest in shares should do so extremely cautiously. One must be prepared to sell quickly in case another downfall occurs,’ Mr. Batuyev said.
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