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Friday's trading session ended after small gains followed by similar losses left the market in nearly the same spot as where it started. Following one of the worst weeks in global trading history, it was good news for the day, perhaps, but it failed to (90) investor fears.
Worldwide markets are down an average of 13.1% since Monday, one of the largest single weekly drops ever recorded. Europe led the fall, losing a combined 19% among its member states. East Asian markets seemed to suffer the least damage.
Experts are looking to America to somehow quicken its economic recovery and send more confidence and capital into the global system. Without this, we're unlikely to see much improvement. Several nations have (91) a bank holiday for the coming Monday. This will give investors a three-day weekend to calm themselves and avoid more panicked sell-offs next week. The break in trading will be (92) to many, although it may be short-lived. Analysts worry that this move will simply postpone the inevitable.
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