Market Oscillates On Traders Speculation

Market ends flat after a short week with swings. The hurricane storm causes the stock exchange to close for two consecutive days. Market oscillates on natural disaster and economic data. At the end of week it remains at recent bottom level.

While it is approaching to year end, market participants show more interest in trading activities. Besides the availability of ample cash for investment, market participants are well behind broad market performance in investment return and are trying to shrink the gap.

As mentioned in earlier posts, institutional and individual investors are reluctant to sell any more due to low exposure in equity stocks and prior painful experience in panic selling. Day traders are cautious that market may not be able to support current level and are trying to find excuse to drag down market. Market manipulators are waiting for opportunity in panic selling. After recent rally on Federal Reserve open-ended MBS buying program, market has slipped back to the level where long term investors take profit on part of the stock holdings. The next move of long term investors will be indicative. If confidence in equity stock market is weakened by market sentiment, further profit taking may drag down market and heavy selling from day traders would follow. Market manipulators have been waiting for this opportunity. On the other hand, if long term investors decide to hold on with stocks, surplus capital in the financial system would create buying speculation.




The Top 3 Investments Among the Wealthy
When you ask the wealthy "Are you better off than four years ago?" the answer is most certainly "Yes!"

The latest PNC Wealth and Values Survey Investor Outlook shows that the majority of affluent investors have seen their individual net worth increase by more than 20 percent over the past five years.

They're especially bullish on stocks and real-estate. The study also shows that the affluent have trimmed their free-spending ways since the crisis. Fully 88 percent say that it's "more important than ever to live within my means."

Hong Kong named top financial center for second year
Hong Kong was named the world's top financial center for the second year running by the World Economic Forum (WEF), thanks to the strength of its business environment, infrastructure and a favorable tax regime.

The WEF's annual Financial Development Report considered a wide range of factors and underscored the rise of Asian trading centers and the influence of China as the world's second-largest economy.

The United States, Britain, Singapore, Australia and Canada followed Hong Kong in the 2012 rankings.

Japan, Switzerland, the Netherlands and Sweden made up the remainder of the top 10 financial centers.

The report said that policymakers face a "monumental" task to restore confidence in markets as waning trust in the overall system holds back investment.