How high a Dow can the bears survive?

Article Abstract:

It is unclear whether Wall Street has reached a low point in Oct and Nov 1999. A rise to 11,000 for the Dow Jones Industrial Index could lead to greater optimism and an end to bearish sentiment. The media and analysts give out random noise which can distract from the message of markets. A number of issues have been linked to bearish sentiment, such as low savings rates and the US trade deficit. Meanwhile, British interest rates may be raised, although there are a number of deflationary forces such as imports from China and competition between supermarkets.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Exchanges, Interest rates, Wall Street

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Scared of sterling

Article Abstract:

A rise in the value of pound sterling can affect returns from international portfolios and companies depending on overseas operations for much of their profits. Profits from abroad are reduced in sterling terms when the pound rises. UK interest rates are forecast to rise, so the pound is not likely to drop in value. This could change by the end of 1997 when other countries in the European Union may consider raising interest rates. Over the longer term it may be preferable not to reduce foreign holdings.

Pound (United Kingdom)

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Baby-blue chips

Article Abstract:

Investments in stocks tend to perform better than other types of investment over the longer term, so they are suitable vehicles for investing for children. Private investors are better able to think for the long term than are professional investors, and they can select quality stocks rather than bargains. Far Eastern stocks may offer good long term growth prospects. Nursing home providers are likely to benefit from demographic change, and technology stocks may also offer growth opportunities.

Personal Financial Mgmt, Personal finance

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