Tag: IMF meetingk market down

Waiting for results of IMF meeting to give directions to the market

Posted by – September 23, 2011

IMF meeting in progress

Speeches from G20 leaders overnight were positive but not definitive. There were also talks about the ECB Oct 6 meeting and possible loosening of official monetary stands. It would seem that markets are very worried about an European recession and is priced in to the stocks. There is also uncertainty as to the solution to correct the insolvent sovereign debt issues, Read the rest of this article