New York City, NY (WiredPRNews.com) — Wall Street continues to be shaky even as the stock market sees another low similar to the July situation. July saw the market fall following a 28 percent fall in crude due to soaring oil prices.
The Financial sector in the last couple of months has outperformed the major stock indexes as compared to the month of July when the market was actually being bogged down by the financial market.
Even before there is a turnaround in the situation, the inflation and housing reports are out with depressing figures. There was a drop in Dow Jones industrial average with deteriorating employment scene and a shaky and unpredictable health of financial markets. Wholesale inflation, deficit in trade, retail sales data and pending home sales on tap investors are prepared for the worst, yet praying and hoping for the best.
Though there is a dollar rebound with a fall in oil prices, Wall Street is cautious about investing in long term bets due to continuing slump in US economy. On the surface, dollar rebound is more due to a fall in global economy than a positive US situation even as countries follow the US economic slowdown.
There is hope yet if the United States is able to bounce back from its economic slump and consumer recession faster than the other developing countries.