Following the selloff last Monday, our market suffered a smaller loss on Tuesday.
Evidently, the foregoing trading results show that investors managed to recover from the initial selloff last Monday.
Fax Access, a VMTX Template Work-solutions application, was implemented to allow travel agents to request selloff information by fax whenevery they want it, wouth going through Sunquest's sales staff.
"Twenty to 30 agents a day were calling our salespeople and asking them to fax selloff pages," says Paul Larcher, Sunquest's manager of sales planning.
During busy periods of the day, an hour or more might elapse before a salesperson has time to fax a requested selloff sheet to an agent.
Agencies across Canada can now access selloff informtion when ever they are open.
Travel agents who call the Sunquest hot-line number are offered three options: press 1 to order brochures and flyers, press 2 to request selloff flyers by return fax, or press 3 to listen to selloff information.
The broad selloff in emerging markets over the past two sessions translated into the worst week for global stocks in seven months.
"There are good domestic reasons to expect the US economy to be doing well over the year to come, and our central expectation is that while US markets could take a temporary hit (due to the selloff in emerging markets), the shock will not be a major one for the US economy," Deutsche Bank analysts wrote in a note released on Friday.
But this week's selloff also brought momentum indicators down from overbought levels.