Stock Markets had a rather successful 2009, the question on everyone lips now is can they continue their rise in 2010? The major stock markets from around the world staged a major rally on the news, the London stock exchange even broke down as it could not cope with the demand, so will this become a sustained rise and are these Stock Markets set for a very good 2010?
I am by no means a financial adviser myself; I personally work within the training for foster carers, cheap holidays and composite doors sectors.
Experts are still suggesting that we have not seen the back of this credit crunch. Many people believe that there are a lot of shares which are undervalued at the current time when you look at the fundamentals. I for one am currently Investing on a monthly basis to take advantage of what is called pound cost averaging, this is where you able to purchase additional shares/units when the price falls which in turn will benefit you when the price rises. Whether stock markets will surge in 2010 is another matter and there are many factors that could certainly stop that from happening, a terrorist attack is just one example.
The US President has already taken a tough stance on his countries banks; this however did little to help the markets. He could either breathe new life into the markets or could make some major blunders. Our PM, here in the UK, could have a major role to play. He is seemingly losing his grip on the country and people are already writing him off. I doubt for one second whether he will give up without a fight and may well attempt to start an economic recovery of his own for the people of the UK. Lowering petrol prices and a windfall tax are two obvious starting points.
I will look back with interest at the end of the year to see just how well or badly the stock markets did perform.
