| Feb 28, 2007 @ 9:13 AM |
World Stock Markets Fall Again
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eastham
Posts: 7,913
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Yesterday (Tuesday), the New York stock indices, led by the Dow Jones, saw their sharpest decline since 9/11. The US markets fell after profit-taking and other issues led to a dramatic decline in the Mainland Chinese markets. The decline was also linked to a report from the US Commerce Department on the ailing manufacturing sector.
This morning, buoyed by news in China's state-controlled media about easing restrictions on foreign investment, the markets in Shanghai and Shenzhen rebounded, but that appears to be the only good news. Stock markets elsewhere in Asia and in Europe fared much worse today over fears about the US and Chinese economies. Everyother Asian stock market outside of the two in mainland China fell -- the Hang Seng (Hong Kong) by 2.5% and Tokyo's Nikkei by 4.1%. European markets fell sharply upon opening, but did rebound later in the day, closing with a 1-2% losses.
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| Feb 28, 2007 @ 9:39 AM |
World Stock Markets Fall Again |
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MarysPlace
Posts: 2,930
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Do you work for the 11 o'clock news? I mean, all your threads sound terribly like it. Reports of various catastrophes, impending doom in all corners of the world, especially the USA, tragedies just waiting to strike. Armageddon days must be here. Again.
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| Feb 28, 2007 @ 9:47 AM |
World Stock Markets Fall Again
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eastham
Posts: 7,913
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| Feb 28, 2007 @ 11:15 AM |
World Stock Markets Fall Again |
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Strandedboarder
Posts: 440
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Eh...nobody invests anymore. Everyone is gambling. They all want quick gains. That's just the new model. I mean really...3.3 percent?? what's that?? The money lost paying out commissions is greater than that.
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| Feb 28, 2007 @ 11:17 AM |
World Stock Markets Fall Again
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kattsmeow
Posts: 22,628
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Lol, the biggest drop was because of computers though.
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| Feb 28, 2007 @ 11:18 AM |
World Stock Markets Fall Again |
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eastham
Posts: 7,913
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Very true....There is no patience and little imagination anymore. I have always been struck how much higher a stock will jump when there is a mass lay-off than when there is an annoucement for an investment in a new and innovative idea.
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| Feb 28, 2007 @ 11:46 AM |
World Stock Markets Fall Again
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Strandedboarder
Posts: 440
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Don't look at me...I didn't write those programs...
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| Feb 28, 2007 @ 11:49 AM |
World Stock Markets Fall Again |
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eastham
Posts: 7,913
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Pulling out an electron microscope and giving Stranded a once over.
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| Mar 2, 2007 @ 2:03 PM |
World Stock Markets Fall Again
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hammertime
Posts: 14,071
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I'm a trader and I pulled out of everything before the fall. I saw it coming. There were signs. I'll let the dust settle and get back in. I could have shorted the market but I sick this week and didn't have the head for it.
Everyone says the long term view is good. We don't know. Wall st always says the long term view is good, thats how they take your money. World economics and volatile political events play a huge role. We can't predict outcomes. We have to wait for events to occur and see the reactions and go with the flow.
Markets are manic depressive and cyclical. They react extremely to news. You need to take advantage of over bought and over sold conditions but calling a bottom or top is an art, not a science.
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