Source Pravda.Ru

Stock Prices May Rise Substantially by End of Year

Today's stock market dynamics are first of all due to yesterday's release of negative macroeconomic data, which led to a lack of a clean-cut trend of the US business activity indices. However, according to the current trade, there is hardly anyone willing to sell stocks, since there is a great probability that buying stocks will cost one a lot more than today, according to Vladimir Khoshin, Director for brokerage operations of Fora-Capital.

The downward dynamics on the Russian stock market was entirely due to the situation on the US stock market - not the macroeconomic situation in Russia. After a nearly three-week consolidation the market became stronger, investors emerged, so by the end of this year stock prices may grow much higher than the current level. In other words, there is virtually no potential for a serious correction on the stock market. Moreover, next week will probably see the consolidation continue.

The number of selling orders is currently rather limited on the market, which points to the fact that investors are not interested in prices going down. Therefore there are reasons to believe that the stock market is preparing for a new rally that may set in on the threshold of the November holidays. One could probably say that if the stock market does not show upward price dynamics before the end of November, when the downward trend will finish, we will see a sideways trend that will signal the continuation of consolidation.

Comments
Norwegians complain of demoralised NATO soldiers
The difference between Polish and Ukrainian nationalism is plain to see
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Mikhail Gorbachev shares his thoughts on nuclear war
Russia sets S-300 systems in Syria on combat readiness
Without INF Treaty, USA can destroy Russian nuclear weapons easily
World War I: Remembering the fallen, and the war criminals
2018: A critical lack of common sense in world governance
2018: A critical lack of common sense in world governance
2018: A critical lack of common sense in world governance
2018: A critical lack of common sense in world governance
2018: A critical lack of common sense in world governance
2018: A critical lack of common sense in world governance
Mikhail Gorbachev shares his thoughts on nuclear war
Russia’s sanctions against Ukraine send message to Washington
Moving inexorably towards war
Ukrainian nationalism splashes out on Kazakhstan
Ukrainian nationalism splashes out on Kazakhstan
Hillary in 2020?
On the report of Human Rights Watch against the DPRK
The world ready to help Iran circumvent US 'revolutionary' sanctions