is reporting from
pankaj kumar | October 19, 2008 at 09:19 amby
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Huge stock market swings around the world this week have been triggered by conflicting signs of a thawing of the credit freeze against the inexorable onslaught of recession in the Group of Seven top economies.
The frenetic trading has catapulted key volatility indices to record highs above 80 percent, quadruple levels seen only two months ago, and will sideline many investors as a result.
Some may see these convulsions as the final throes of the latest financial shock and prompt bargain hunting, as famed investor Warren Buffett outlined on Friday. But the easing of money and credit will have to accelerate to offset some of the dire economic signals and earnings reports coming down the pipeline and help investors look ahead on an 18-24 months horizon