| Market update 28 Aug. |
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| Written by Peter Almberg | |
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Gains last week lost. Investors are looking for safety. Fed is concerned about inflation ? The market should sort out its own problems. Volatility is up alot. Homeprices are falling and Americans become less rich. China is making new all time highs. Chinese turn richer. How should this all end. In Europe we are traditionally looking at whats on in the States. Where are we heading ? As I mentioned before I see two things that makes me nervous and both of them have to do with the theories used for meassuring risks. I will come back to that soon if the storm comes back. I hope market participants will go through their deltas, gammas and thetas in this world that is far from constant. Some of these greek letters are not even constant when market is closed. Market data: (change compared to 24 August)
Index/subject Quote (LW) (Today) Change 10 year treasury yield 4.63 % 4.53 % (-0.10) Swedish OMX 1210 1171 (-3.2 %) FTSE 6220 6102 (-1.9 %) DOW 13379 13042 (-2.5 %) NASDAQ 2577 2501 (-2.9 %) NIKKEI 225 16248 16287 (+0.25 %) SHANGHAI SSE COMP. 5107 5195 (+1.7 %) VIX 20.7 26 (~+25 %) |
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| Last Updated ( Sunday, 14 October 2007 ) |
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