Stock Markets Still Volatile

Stock markets remain volatile with investors unsure whether the market has bottomed out or will decline even further. Last week Wall Street suffered its worse week in history with massive selloffs on world markets. Investors are waiting for the effects of the $700 billion dollar bailout to be felt but credit markets remain unaffected so far. Many, including forex traders and investors are beginning to have doubts about the future of the dollar.

Rebound Possible

Amid the chaos some saw reason for hope. U.S. stock futures indicated a sharp rebound in store for the major indexes ahead of the market’

s opening bell on Monday. Dow Jones industrials futures rose 235 points, or 2.8 percent, to 8,605. Nasdaq 100 futures rose 38.5, or 3 percent, to 1,321.00; and Standard & Poor’s 500 futures added 31.8, or 3.5 percent, to 922.80.

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