Tuesday, April 7, 2009

Wall Street Declined Again (April 7th, 2009)

Wall street experienced its second day's decline caused by investor's fears about the banks' balance sheet and some of the first quarter's bad report.

In addition, the International Monetary Fund also announced its forecast that the bank's toxic assets could increase to $ 4 trillion. This news has increased the investors' concern about the stock market. Beside that, this news has also increased the investors' worry that the government aid that aimed to raise the banks' loan might not work.


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