Investors remained on eggshells today as bearish sentiment swept across Wall Street. Despite the fact that the central banks of three global powerhouses – the U.S., Euro Zone, and Japan – will be pumping billion of dollars into their economies in an effort to prop up growth, speculations remain high as many have started to doubt the effects of these massive stimulus plans. In the Euro Zone, protests and riots spread across debt-ridden Madrid and Athens today as governments announced more austerity cuts. To make matters worse, Germany, Netherlands, and Finland pointed out yet another crack in the currency bloc’s bailout plan; they claim that Spain should bear the cost of problems in the banks, with the European Stability Mechanism covering only a portion of the recapitalization burdens. And with massive global debt piles and trigger-happy central banks pumping out money left and right, it is no wonder investors remain on edge [see [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Spain Rumors Offer Little Relief Daily ETF Roundup: Markets Tick Higher On Another QE3 “Hint” Daily ETF Roundup: Bulls Back Away From Resistance Daily ETF Roundup: GDXJ Strikes Gold, Coffee Sizzles Gold ETFs In 2012: The Good, The Bad, And The Ugly
Investors remained on eggshells today as bearish sentiment swept across Wall Street. Despite the fact that the central banks of three global powerhouses – the U.S., Euro Zone, and Japan – will be pumping billion of dollars into their economies in an effort to prop up growth, speculations remain high as many have started to doubt the effects of these massive stimulus plans. In the Euro Zone, protests and riots spread across debt-ridden Madrid and Athens today as governments announced more austerity cuts. To make matters worse, Germany, Netherlands, and Finland pointed out yet another crack in the currency bloc’s bailout plan; they claim that Spain should bear the cost of problems in the banks, with the European Stability Mechanism covering only a portion of the recapitalization burdens. And with massive global debt piles and trigger-happy central banks pumping out money left and right, it is no wonder investors remain on edge [see [...]
Click here to read the original article on ETFdb.com.
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