Wall Street mulls the next move!

These days the Wall Street is in an introspective phase as it mulls the 'mood' of the market. The question on every one's mind is as to whether the market has bottomed out or is there more to come. With most of the analysts predicting that the market has not yet bottomed out and that it will require a huge catalyst, a miracle for most, in order to change the mood of the market, it may be quite some time before the market recovers.

But of late, the market seems to have lost the downward momentum causing many to ponder if the bearish mood of the market has come to an end. There have been some good news on the housing market and hopes are high that the bull will soon run amok at Wall Street. But that may not happen for some time to come on account of the surge in Oil prices, increasing by as much as 30% in the last three months. The pressure of the Oil prices reflect on most of the other financial markets with investors being a bit wary. So the anticipated change in the momentum of the Wall Street may well occur after the Oil rates come down a bit. But if they do not, then with increased inflationary pressures, one can only bite ones nails and hope that OPEC sees reason soon and increases the supply to counter the demand on Oil.