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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Friday, July 14, 2006

Stock Market Issues

The S&P 500 fell to negative performance YTD after a tough week on Wall Street (June 30th article). Bears are currently dominating trading and it seems like The Herd is almost to a tipping point of negativity. Let’s hope it does not reach that point because that is when millions will follow and make the stock market bump a bruise.

People are particularly nervous because oil has reached a new record high each of the last few days. Oil prices are rising because Israel is taking on Palestine and Lebanon right now and it could make the Middle East even more volatile. The situation in Iraq is no better with an extraordinary amount of sectarian violence this week.

Problems with Iran and North Korea are not helping global stability either. Volitile times like this, as you have seen, negatively affects the stock market. If these problems get worse look for the stock market to reflect that.

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