US market - Still seems not out of woods

October 23, 2007

The Wall Street sees increase volatility on Monday’s trading session. Experts are still doubt about the market direction and are looking for definite clue to make any call from online stock trading perspective, but still market end in positive territory on Monday cheered the investor’s mood little bit. Merck & Co quarterly results were somewhat decent but it rival drug maker Schering Plough Corp.'s gave disappointed set of result, a way below market expectations along with many blue chip companies.

Despite the fact that the key US stock indexes performance were good on Monday, there are still big uncertainties on Wall Street concerning how tribulations in the financial markets might haul on corporate and economic growth in coming future.

Given the positive closing of Dow Jones on Monday, the Asian markets open in positive territory on Tuesday bringing back the investor sentiment back in the market. The Indian stock market showed a strong comeback after the tumbling sessions of more than 2000 points. The Sensex was up of more than 800 points. European stock market rebound on Tuesday session after taking positive clue from US market and Asian market along with strong results from engineering sector.

From stock investing point of view selected stock pick which showed good quarterly results seems good, but still the direction of the market is not sure, but bargain hunting clearly seems evident.