Stocks get floored as analyst predicts bleak outlook!

Wall Street is in the grips of the bear once again, what else is new? With the markets reacting like a yo-yo to everything that an analyst may or may not say about the markets in general, the Wall street these days are resembling a roller coaster in more ways than one. The latest round of the 'bleak summaries' on the banks and the credit crisis, sent the markets reeling and the news of surging Oil prices only further increased the pressure on the markets.
With the markets reacting to interviews like this, is it any wonder that the consumers are wary of investing even a dime in them? What we sorely need is a period of stability and a market that does not swing wildly just on the basis of a news report. With the Fed taking a proactive stand as far as the U.S economy is concerned, the latest moves by the market clearly show that the sheen is gone off the interest rate cuts. So the obvious question is what is the Fed planning to do next to give a further Filip to the markets? Let us cross our fingers and start hoping for the best.