The post Labor Day rally in US equities failed to materialise. Markets remained volatile and lacking...
The post Labor Day rally in US equities failed to materialise. Markets remained volatile and lacking direction with the Nasdaq Composite suffering heavier losses than any other established index. Conditions remain reasonable for a fourth quarter rally but it is becoming a less exciting prospect as each day goes by and any gains are likely to be deferred until the last two months of the year. The vague hope that the Fed might be ready to start easing back on interest rates was knocked sharply on the head earlier this month. Alan Greenspan seemed to imply the authorities were more than a li...
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