The second half of 2008 could prove to be very rewarding for people who invest in stocks and shares. I am one such person and in this article I will explain why I think stock markets from around the world will report sparkling gains towards the latter part of the year.
It was quite an interesting end to the financial week here in the UK (May 16 th ). Their were the first signs that the credit crunch could be over as mortgage lenders once again started to offer 100% mortgages. This was a very promising move. Many people in the UK who are on a variable mortgage rate or a tracker mortgage rate then received a letter over the weekend stating that their payments were being reduced. Despite the Bank of England reducing interest rates over the past few months many lenders have refused to pass them on to their borrowers.
So the worst of the credit crunch is over but just how badly did it affect stock markets? Well originally it had quite a big impact but overall the damage was less than severe. Generally stock markets around the world have held their nerve; this is no doubt due to the fact that the fundementals remain strong.
I am not a financial adviser and therefore you should not take anything of what I say as advice, I am merely an investor from the UK who is stating their opinion.
The stocks and shares from many companies are certainly looking very cheap at the moment, especially some of the major banking companies.
Positive news that the credit crunch is over should spur the financial markets to ever new highs much to the joy of their investors.
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