Stock Markets To Surge In 2010?
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, UPVC windows and front doors sectors.
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. Whether stock markets will surge in 2010 is another matter and there are many factors that could certainly stop that from happening, a terrorist attack is just one example.
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. The Prime Minister in England, Gordon Brown, could also be a major player. He is seemingly losing his grip on the country and people are already writing him off. He is unlikely to lay down and die, to coin a phrase – he may even formulate his own economic recovery plan. Lowering petrol prices and a windfall tax are two obvious starting points.
I will look back with interest at the end of the year to see just how well or badly the stock markets did perform.
