Weekly Market Review for the Last Week of October
Volatility in Wall Street was the name of the game this week. U.S. Stocks went up on Monday, down on Tuesday, up on Wednesday, way down on Thursday, before closing green on Friday. Some investors have stated that the slowing housing market, huge subprime related corporate write downs, weak manufacturing growth, oil at $94 a barrel and gold at $800 an ounce will lead to a significant recession looming. Others have stated that the Federal Reserve rate cuts, robust jobs growth, and an advance in our country's Gross Domestic Product will lead to a resilient and continually growing economy. It…