A major change at the top of the World TopInvestor

2008-01-07 10:00

It was the first week of the new year, but a week to remember since we made market history. As the dollar weakened against the euro and the yen, gold hit a historic high of 871 usd an ounce, decimating the high of 850 set back in 1980, and oil broke through the 100 usd a barrel mark.

The Dow reacted to this increasingly bad news dropping almost 5% during the week and setting the new first trading day point drop in the history of the index. Traders and economists are now watching if we are headed for a recession.

This first week of 2008 saw also a major change at the top of the World TopInvestor. Mr. Doleschall who was in the lead since July 27th 2007 lost his first place the first session of the year and is now second after Danish Hu Haochen.

 

 

 

 

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