The stock market continues along a volatile path. Investors on Wall Street have
observed the DJIA hit significant lows this week, only to rebound and then drop
lower once again. Confidence boosted higher yesterday after the Feds issued
statement pertaining to interest rates. The Feds reported that interest rates
would be kept very low through 2013 to help support the U.S. economy. Many were
hoping for more to stimulate the economy from the Feds but nothing more was
provided. Still, the U.S. market place felt a wave of confidence and this helped
boost indices higher on the day. Today however, trends are traveling in negative
territory. As the mid-day point in the trading session approached today, the
three primary stock index composites in the U.S. are posting red. The Dow Jones
is negative by 3.87 percent or 435.07 points at 10,804.70. European markets are
in the red as well and fear is spilling over. The fear is supporting the loss of
yesterdays rally and individual corporations are feeling the heat. Google stock
is currently lower by 2.91 percent at 556.74. Previous close for GOOG was 573.41
and so far this year, Google is down 6.29 percent according to MSN stock quotes.
The trend line for the day is currently negative. Frank Matto
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