It will fluctuate.
When asked what the stock market will do: It will fluctuatej. p. morgan
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones.It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.george soros
Create and save customized flash cards. Sign up today and start improving your vocabulary!