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During the past month, the S&P 500 fell more than 198 points from its peak, and it appears to have hit a potential bottom around 1,820. What helped pacify the market this past week?

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Fed Jawboning Rides to Rescue the Market? Again

During the past month, the S&P 500 fell more than 198 points from its peak, and it appears to have hit a potential bottom around 1,820. What helped pacify the market this past week?

During the past month, the S&P 500 fell more than 198 points from its peak, and it appears to have hit a potential bottom around 1,820. The index bounced 66 points late last week to close at 1,886.76. While some observers may split hairs and say that 9.8% drop from the Sept. 19 high to the low on Oct. 15 falls just short of a correction, I??m inclined to round up and say, ??Yes, we had a correction.? Trust me, I double majored in mathematics and economics, so I may have an idea of what we??re talking about when it comes to rounding.

What helped pacify the market this past week?

Was it a detected turn in the economies of the euro zone or China?

Read more about the reasons the market has bounced back and reactions to that rise at Eagle Daily Investor.

Written By

Chris Versace is a financial columnist and equity analyst with more than 18 years of experience in the investment industry. He has been ranked an All Star Analyst by Zacks Investment Research and his efforts in analyzing industries, companies and equity securities have been recognized by both Institutional Investor and Thomson Reuters?? StarMine Monitor. He??s frequently published in The Washington Times and is a frequent contributor to the daily radio show ??America??s Morning News? and ??America??s Radio News?. He has been quoted in the Wall Street Journal, Investor??s Business Daily, The Street, USA Today and other publications. In addition, he can be frequently seen on television??s ??Fox Business? show.

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Fed Jawboning Rides to Rescue the Market… Again

During the past month, the S&P 500 fell more than 198 points from its peak, and it appears to have hit a potential bottom around 1,820. The index bounced 66 points late last week to close at 1,886.76. While some observers may split hairs and say that 9.8% drop from the Sept. 19 high to the low on Oct. 15 falls just short of a correction, I’m inclined to round up and say, “Yes, we had a correction.” Trust me, I double majored in mathematics and economics, so I may have an idea of what we’re talking about when it comes to rounding.

What helped pacify the market this past week?

Was it a detected turn in the economies of the euro zone or China?

Read more about the reasons the market has bounced back and reactions to that rise at Eagle Daily Investor.

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