Friday, July 28, 2006

Stock Market's Roller-Coaster Ride

Though there is one more trading day left for the month of July, the stock market was nothing but volatile. For the past twenty sessions, the Dow has seen triple digits gain/loss 7 times (7th, 12th, 13th, 14th, 19th, 24th, and 28th)!

Yet, despite the huge ups and downs, we are not too far away from where we started, a mere 69 points.

Looks like we just made a U-turn.

These days, it seems that the big market up swings were entirely driven by the speculation of a possible pause of the interest rate hike in August.

Will we get it?

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