turn of the market

The turn of the market was unexpected,' said a South Korean trader, who added that the market will remain strong next month.

The most heavily weighted stock in the benchmark index, accounting for 4.7 per cent of the S&P 500 market capitalisation, often influences the turn of the markets.

But the company is only one of a growing number of nonfinancial concerns that have acknowledged losses because of trading positions that lost money in the face of capricious turns of the markets.

A turn of the market may be a calamity as disastrous as the French retreat from Moscow; but it hardly lends itself to lively treatment, and makes a trifling figure in the morning papers.

By backgrounding, Mr. Tippens avoids the risk of owning cattle that in another turn of the markets could be worth half what they sell for today or nothing at all if rustlers should strike.

In his latest note, titled ‘Japan Until Further Notice’, the Morgan Stanley strategist says we should all stop trying to guess the next turn of the market and instead focus on how this downturn might end.

In total, about £12bn is expected to be knocked off capital values this year, taking the decline to £45bn since the turn of the market in 2007, although there are signs of stability in the prices for the best properties.

With every turn of the market and the news cycle, the urgency of the big questions — will Spain take a bailout or won’t it, will the euro as a whole survive or collapse — advances and retreats.