So the US government has bailed out the countries two major mortgage lenders, will this be the catalyst to some new found confidence and stability in these hardened times? The major stock markets from around the world staged a major rally on the news, the London stock exchange even broke down as it could not cope with the demand, so will this become a sustained rise and are these stock markets set for a very good 2010?
I am by no means a financial adviser myself; I personally work within the SEO, and upvc doors sectors, I am also a website content copywriter on a part time basis.
Experts are still suggesting that we have not seen the back of this credit crunch. Stocks and shares do however look very cheap when you look at all of the fundamentals. I for one am currently investing on a monthly basis to take advantage of what is called pound cost averaging, this is where you able to purchase additional shares/units when the price falls which in turn will benefit you when the price rises. Various things, such as a major terrorist attack, could of course put the mockers on any major stock market uplift.
One thing that could be very important to the investment performance of many stocks and shares is how the tough the new President of the United States gets with the finances of the country. He could either breathe new life into the markets or could make some major blunders. Our PM, here in the UK, could have a major role to play. He is seemingly losing his grip on the country and people are already writing him off. I doubt for one second whether he will give up without a fight and may well attempt to start an economic recovery of his own for the people of the UK. Ensuring that we are able to pay less for petrol plus some tax reforms could be a start.
I will look back with interest at the end of the year to see just how well or badly the stock markets did perform.
