The western hemisphere seems to be slowing down everyday. Even though there was no trading on Labor Day, the last four trading sessions have been volatile, responding to a barrage of macroeconomic news.
On Tuesday, the Swiss National Bank stated that it would attempt to cap its currency’s value against the Euro. Considered to be a safe-haven like precious metals, the Swiss Franc quickly drove down equity markets. Wednesday was a pretty quiet day and markets rallied slightly.
It's been an eventful week.
The news was dominated on Thursday with Steve Jobs' resignation as the CEO of Apple, and Warren Buffett's decision to invest $5 billion in Bank of America.
Combined with intense uncertainty in Europe, markets have been rather volatile.