Top five positions at world level of the competition seem stable now

2007-09-24 10:50

The FED cut its overnight rate by 50 points last Tuesday. The Dow loved it the day after jumping 336 points the dollar did not. Since then the Canadian dollar reached parity with the US dollar and continued to fall against global currencies reaching record highs against the euro, regained $2.02 against the pound and made a 32 month low against the Swiss franc. Gold is also at a 27 year high against the dollar and oil is at record highs. So the volatility is high in the markets and it is difficult to assess bullish trends or bearish trends with the frequent knee-jerk reactions the markets are having. The first five positions at world level of the World TopInvestor seem now stable.

 

 

 

 

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