Wall Street, give us our daily bread by Barbora Misakova

Economy is like a tide, we never know what will it bring and what will take it away. Situation on Wall Street is these days the most discussed topic and no one can clearly say what will happen in few hours. Two days ago there were quite big losses on the Asian's and European stocks. Now we have new information about the sharp raising of some of indexes from Asian stock. For example Japan's Nikkei with its last Tuesday's biggest drop gained more than 400 points on the Tokyo Stock Exchange and so rose on 3.37 percent. There is also other growing - The Korea composite Stock Price Index rose 3.1 percent and The Kospi gained 2.7 percent. The European stocks had also problems on Tuesday, and then some actions raised a little bit for example France's CAC 40 rose 2.1 percent. Even though European officials thought European economies will weather turbulence which came from American Wall Street nowadays it looks Europe could have a little problems though. Everyone is fairly monitoring stock trading and waiting for any indication. Heads of every Department of the Exchequer around the world is trying to keep calm, but sometimes their statements don't sound so assured. As Michael Ellam, British Prime minister's spokesman said, government would do everything to keep economic stability; Indian finance Minister Chidambaram claims "There is no reason at all to allow the worries of the Western world to overwhelm us," and urges investors to stay calm. All these aspirations have the opposite influence on me, and I am still more confused and don't know what to expect. People are not stupid not to see that situation around the world is chaotic and also still more analysts have skeptic attitude to American stocks' situation. What is more, no one supposes that any from the American authorities could prevent a recession of American economy and every single stockbroker in Asia and Europe is ready and waiting for instructions. In cases like this a man doesn't know what to do, but he doesn't want to wait helplessly neither. Anyway I am still thankful I am not a stockbroker.

related story: http://news.yahoo.com/s/ap/20080123/ap_on_bi_st_ma_re/world_markets;_ylt=AmJh0.BBM1J..eZ.Z5a_yTOs0NUE

by Barbora Misakova for PocketNews (http://pocketnews.tv)

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