While many of us have been hoping that after another black October for world stock markets, November might mean the beginning of a US and world stock markets bounce.

But those hopes are disappearing quickly even though there are a few die hards who are still hanging onto the forlorn hope that Santa Clause may deliver a few goodies to the stock markets.

Across the world markets are down by savage percentages up to around 50% in some cases.

The kind of falls that we have experienced are as bad as any that we have seen before.

With the ongoing doubts about the stability of American’s financial institutions, its property markets and its financial services industry generally the chances of a massive downturn of indeterminate length are huge.

Add to this the possibility that the Regulators and decision makers guiding financial policies and markets will make a mistake and we can understand why there is no certainty that we have yet reached the end of the downward slide.

That said, there are those few brave ones out there who are tempting fate and putting their money where their views are.

For those who are moving back into the markets their attitude is that there is no certainty that markets can’t go down further but on balance the greater danger is in not getting back into the markets because the long term view must be that markets will increase and start increasing soon if not now.

This entry was posted on Friday, November 28th, 2008 at 3:36 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.