I'm afraid that the bear market hasn't finished yet, as there are a lot of bad news comes from Europe & US. Yet, this could affect the investing decision of the investors.
As The Federal Reserve on Wednesday left its target for the federal funds rate at a range of zero to 0.25% and maintained its pledge to keep rates at this historic low level for an "extended period" to support the recovery. In a statement after their two-day meeting, the Fed downgraded the outlook. They said financial conditions "have become less supportive of economic growth" largely as a result of the European debt crisis. There was one dissent from the policy statement by Thomas Hoenig, the president of the Kansas City Federal Reserve Bank. Hoenig has dissented from every statement this year. (MarketWatch)
Yet, New Home Sales dropped by 146K to 300K which is also lower than the analyst expectation. Moreover the Chief of The Fed is worrying about recession this time so that he maintains low-rate, that seems to be ineffective til now, as we can see that the rate is low, but the industrial is declining.
Wait & see for this moment before entering the market.
Happy Investing^^
Disclaimer ON!!!
