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With the Stock Software 365 Blog readers can keep up with the latest financial technology issues and stock trading news! Are you interested in topics like finding the right stock trading technology and Wall Street software news. This is the place for you! .
Fear of unemployment stalks high-flyers in high-rise offices
If New York is often likened to a movie set, the scenes playing out on Wall Street involve a cast of hard-drinking, despondent, young men. "Picture a movie from the 1940s, Bogey is sitting at the bar with a bottle of scotch, three quarters done - that pretty much sums up Wall Street at the moment," says Howard Silverblatt, a senior index analyst for Standard & Poor's in New York. "Everybody is waiting to see the bottom. When you know where that is going to be, you can deal with it, but at the moment we can't see the bottom. Two shoes have already dropped, but how many more will there be?" Andy Brooks, the head of listed stock trading for T Rowe Price, the fund manager, adds: "These are extraordinary times and it is very emotional out there. I haven't seen so much uncertainty in the market since the start of the Iraq war.
Mexico stocks dip on US recession woes, peso firm
As long as the U.S. market continues with its rollercoaster ride, volatility will prevail in Mexico." Mexico's economy leans heavily on the United States, where it now ships an estimated 80 percent of its exports. The yield on the benchmark government 10-year peso bond <MX10YT=RR> slipped 3 basis points to 8.15 percent. In local stock trading, cellphone operator America Movil (AMXL.MX: Quote, Profile, Research), the most heavily weighted stock in the benchmark IPC index, dropped 1.16 percent to 31.61 pesos. Its New York-traded stock (AMX.N: Quote, Profile, Research) slipped 0.67 percent to $58.05. Financial group Inbursa (GFINBURO.MX: Quote, Profile, Research), owned by Mexican tycoon Carlos Slim, one of the world's richest men, ended among the top decliners, down 6.32 percent at 27.26 pesos.
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