NEW YORK (Reuters) – Measuring the point at which investors have exhausted their selling in a market downturn is an inexact science at best, and at its worst akin to sticking a finger in the air to judge shifting winds.
By some measures, the near 10 percent decline in the Standard & Poor’s 500 stock index from a record high last month may already have flushed out much of the speculative money that helped propel a bull market in stocks beyond the average length.
NEW YORK, Oct 15 (Reuters) – The cost for insuring
Venezuelan sovereign debt against default or restructuring
surged on Wednesday as global oil prices swooned to a 27-month
low before rebounding, illustrating rising investor concerns
over the OPEC member nation’s ability to service its debt.
An investor wanting to insure a $10 million trade for five
years would need to spend $4.175 million as an up-front cost. In
addition they would have to pay $500,000 annually, for the
duration of the credit default swap contract, according to data
provider Markit. On Tuesday the up-front cost was $3.868