No Al-Zarqawi affect on Wall Street

by Darren

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The market look weak all week, and not even killing a top Al-Qaeda leader could change that. The same persistence negative feelings that have been plaguing investors continue.

As the summer grinds on, the pace of Wall Street seems to change.

Jittery investors are worried about the same thing: how rising interest rates affect businesses, and hence their stock performance. Rising interest rates are not good for companies in a lot of sectors, and couple with high energy costs has business in a potential standstill. Dour economic predictions are hardly the stuff of hard charging bull markets so many people have adopted a cautious approach.

Personally, I feel it’s a very nice time to be in cash. If you have a lot of debt, might I suggest paying it off as quickly as possible? Variable interest rate accounts that keep costing more money each month are cutting into consumer’s desires to borrow and spend even more. It might not be hard to imagine that the merry-go-round of refinancing homes is coming to an end, with consumers more in debt than their houses are worth. Not a pleasant thought for most people.

But, there’s still a lot of good news out of individual companies, so just keep looking for the winners who are performing if you plan on staying invested in the stock market. I find the interest of the Toronto Stock Exchange looking into buying a US exchange to be very interesting, and worth of consideration. The stock exchange business is quite lucrative.

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