Last week, there was some relief for global equities. This week too started on a promising note. But, the past couple of days have seen resumption of a savage worldwide sell-off, that is threatening to take indices to new lows. It is really tough to make any prediction on the movement of the stock indices, as volatility has increased. This morning's trade in Asian markets is a case in point, with key indices witnessing wild swings.
Even the most adventurous are being inconvenienced by the wild swings in the market. Another day and another round of bloodbath in stocks across the globe! The story is all-too familiar by now, and could even be getting a bit monotonous. The writing is on the wall is that we are staring at a global recession. The major worry is how long and severe it will be? Nations across the world have been doing their best to limit the fallout from the unprecedented financial crisis. Those efforts still continue, with central banks cutting rates aggressively to boost lending and pump-prime the contracting economies.
