Financial Betting Articles

Ask yourselves - what has America ever done for us? Sure there was WWI and then WWII, the Marshall Plan, rock'n'roll, jazz, the personal computer, lovely tasty burgers, bifocal lenses, the light bulb, vulcanised rubber, Knight Rider, the Gatling gun, the teabag and the aeroplane. And of course, the fascinating and mighty Wall Street. The index which should be going down, but keeps on going up. This week ChoiceOdds is donning a Stetson and dedicating a whole week of great offers to the US of A.

A fast and exciting market like Wall Street demands a lot of attention and respect - so that's why ChoiceOdds is making this week Wall Street Week with a host of top free bet offers on the US market. Click here for more details of how to get your hands on £50 of free bets.

The US market has been shooting for the stars amid widespread comment that the worst of the financial crisis is over. The warm glow this brings has seen those gung-ho Americans propel their Dow Jones Index over 14,000 once more...but now they're not sure which way they should be going.

What's the answer? Well with the credit markets calming down it feels like a weight off and by some perverse fluke the President has managed to slash the budget deficit with some fairly hardline fiscal policy. A big bit of that has been beefy tax cuts which may destabilise the economy in the long run.

This side of the Atlantic , Chancellor Alistair Darling has rocked the boat and got the business community's heckles in a pickle. Mild mannered Richard Lambert, top dog at the CBI wrote a stiff letter about the impact on entrepreneurs of scrapping taper relief on capital gains tax. The most he can hope for is that Darling gets a nasty paper cut. More likely he'll never get the letter and it'll wind up on the bonfire at a sorting office picket line. Roll on the Winter of Discontent - only this time milder thanks to global warming and better cos we've got iPods.

An interesting footnote in this whole phase of market activity is that the DAX has calmed down and grown an independent streak. Gone are the days that it would jump a mile when the US markets opened. It's also started doddering about for long periods of time. One explanation is that with less exposure to the credit crisis, the index is content to do its own thing.

Wall Street had a storming month in September, putting on 537.89 ticks. The first half of this month saw it add another 119.49.

Wall Street hasn't been able to string together more than 3 days of moving in the same direction since 12-17th July.

Wall Street really doesn't know what it should be doing. Until Friday it traded across the 14,000 level every day for 9 trading days.

The Americans only went to the Moon because they thought it was made of cheese and would go nice in a burger.

Back to "Articles"

Open Account