Stock sliding In US-A Continuation

At many times consumers are considered responsible for the stock market sliding in US as worries stuck about the pace of the country’s economic recovery. Questions arise why the consumers are responsible for the decline. The stock market heavily loses after the Conference board. A survey reveals that the consumer-confidence index has plunged more than 10 points this month, from earlier 54.8 to 46.0.

A leading US newspaper declares, “With three trading days to go in February, traders are concerned that the month’s modest gains could dry up if the market’s recent volatility continues. The Dow has had eight triple-digit-point moves in February, leading to a 2.1% gain for the month.”

Bank failures are continuing at a record pace and with one of every 11 banks deemed at risk of failure in the fourth quarter of 2009. This indicates down of the economy but the stock market investors having some major concern regarding the suppressed conditions. Art Hogan, chief market analyst at Jefferies & Co. is of view that Americans may have to get used to fits and starts. Americans will hold this until they get sure of the stable and recovering the economy status.

The decline in stocks came in spite of encouraging earnings from large retailers in US. The economists have different views on this stock sliding and the recession that has destroyed the Americans’ economy and many of them blame the pattern they are belonging to since long. Though the people are getting frustrating sometime, still they are trying to get back to the earlier golden period and hope for the best stock market condition.