Bearish sentiment took over Wall Street today, as escalating fears about the Euro Zone and anticipation ahead of Bernanke’s speech spurred a global market sell off. Sour economic reports weighed heavily on investors with the Euro Zone’s measure of economic sentiment reported to be at its lowest level in over two years. The U.S. Labor Department stated that more Americans filed for initial jobless benefits last week than had been expected, a sign that job creation remains mild. Markets slipped even lower after a report indicated that Spain may delay its decision to seek a sovereign bailout until aid conditions are clear. This yo-yo-like mentality from the Euro Zone has understandably left investors with mounting doubts, as the region seems to be taking one step forward and two steps back in its seemingly lacking attempts to keep the currency bloc together. And in regards to Jackson Hole, investors shouldn’t hold [...] Click here to read the original article on ETFdb.com. Related Posts: World Cup Of ETFs: Plays On All 32 Countries Warning: Five Country ETFs Heavily Focused On Financials Ten Biggest ETF Losers From Recent Selloff Ten ETFs That Could Catch Swine Flu 5 Gold Metal ETFs For The 2012 Olympics
Bearish sentiment took over Wall Street today, as escalating fears about the Euro Zone and anticipation ahead of Bernanke’s speech spurred a global market sell off. Sour economic reports weighed heavily on investors with the Euro Zone’s measure of economic sentiment reported to be at its lowest level in over two years. The U.S. Labor Department stated that more Americans filed for initial jobless benefits last week than had been expected, a sign that job creation remains mild. Markets slipped even lower after a report indicated that Spain may delay its decision to seek a sovereign bailout until aid conditions are clear. This yo-yo-like mentality from the Euro Zone has understandably left investors with mounting doubts, as the region seems to be taking one step forward and two steps back in its seemingly lacking attempts to keep the currency bloc together. And in regards to Jackson Hole, investors shouldn’t hold [...]
Click here to read the original article on ETFdb.com.
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