Today, BoJ interest rate decision and BoJ Press Conference will be the one affecting the most for the finance market. The decision might turn around the market direction, because current high JPY Currency is one of the major factor that cause most the stock market dropping further.
Last night, Dow Jones drop to the new low 7552.29 (drop 444.99 points or -5.28%) and Nasdaq 1316.12 (drop 70.3 points or -5.07%) which is the lowest points since March 12, 2003. Standard & Poor's 500 (SPX) index closed at 752.44 (drop 54.14 or -6.7%) which is the lowest point since April 14, 1997..
Friday, November 21, 2008
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