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Bush's fault I'm sure.
India stock market opened down 10% after dropping 10% last week...this travels fast in the world economy...conditions are eerily similar to 1987...this is not going to be a good day on Wall Street.
Bush's fault I'm sure.
We have politics forum for crapola like this.
But T's right..
n haters will Blame Bush... Look there is a sore on your testicles.. Bush did it!!
stock market has been all week imo. newbies intending to get into the market should invest now since prices of stocks are decreasing. The only reason of stocks doin so well is the energy/natural resources pushing prices up which is worster than actual performance of the market and inflation combined.
Cosmic...Does this mean that Dell can afford to hire back all those laid off Texan Computer Technicians...I really would like to be able to get that gal back on the phone who would say Yee-haw we gonna get you fixed up in no time....
I find all of this out sourcing to India absurd....Ross Perot warned us about this, but nooooooo, you all wanted to talk about his daughter!
Time for the Cowboy to stick to the barbeque sauce. Indian financial markets are not a particularly relevant indicator for the NYSE.
Times are changing TLong...look at the European closes. Billions just dissapeared today. This is like the bird flu...
http://finance.yahoo.com/intlindices?e=europe
I'm pretty sure India is a growing force in the world economy where losts of investment is taking place. If they drop that much in 2 weeks it is going to have ripple effects.
The Dow is down about 22 points right now which is not much. The impact would have been felt by now.
European shares at 5-mth lows, track global slump
Mon May 22, 2006 11:51 AM ET
LONDON, May 22 (Reuters) - European stocks tumbled nearly 3 percent on Monday to end at their lowest in five months, hit by weakness in oil and mining issues as commodity prices fell, while also tracking a slump in global equity markets.
The pan-European FTSEurofirst index <.FTEU3> of 300 leading shares was down 2.8 percent at an unofficial close of 1,270.5 points, its lowest since mid-December and dipping into negative territory for 2006.
The losses came as U.S. markets fell as inflation worries persisted and the global commodities rout dragged down heavily weighed benchmark stocks. Earlier, Tokyo's Nikkei average <.N225> also lost nearly 2 percent.
The FTSEurofirst index has lost more than 10 percent from a near-five year high of 1,407.5 points struck on May 11 and is now down 0.4 percent so far this year.
More than 3.8 billion shares were traded on Monday, higher than average daily volumes of about 3.5 billion shares so far this year.
The losses in the markets came after the FTSEurofirst index fell 4 percent last week, suffering its worst weekly percentage drop since March 2003, on inflation and interest rate worries.
On Monday, stock market falls were sharp and severe around the region.
Russian shares were bashed down so heavily the MICEX stock exchange suspended trade at 1430 GMT after intraday losses of more than 8.5 percent, while Warsaw's stock exchange suffered one of its biggest points falls on record, with the large-cap WIG 20 index <.WIG20> ending down 5.6 percent at a six-week low.
Benchmark stocks in Athens <.ATG> and Vienna <.ATX> suffered similar falls as the region's bigger bourses sank to multi-month lows.
© Reuters 2006. All Rights Reserved.
Dow(djia) 11123.00 -21.06
Nasdaq 2172.43 -21.45
TLong...I am not playing the grim reaper role but this does not look good. You are old enough to remember '87. It started like this in the spring and the real mushroom cloud didn't go up till September.
It's true . . . I can't get anybody to answer at Customer Service!
^
Investing for Dummies help here... So if I have a significant portion of my 401K in a Diversified International Fund, should I move it?
That is such a hard question to answer. It depends on a lot of factors like your age, etc. I'm really not qualified to advise you but I would definitely be nervous. High growth stuff can become high loss stuff very fast.
Don't worry I wouldn't make any decisions without consulting a variety of people. But it probably couldn't hurt to put it into a Stable fund for a couple of months to see what happens. Thanks for your input.
Well, I'll tell you what the John Bogle answer is: no, unless your long-term allocation plans have changed or you think that particular Fund is not good.
He preaches, and I pretty much follow, that you can't sucessfully market time over the long haul, and so the best approach is to find a good fund with low costs (ideally an index fund, per him) and dollar cost average.
No. Greater the risk, greater the return, Finance 101
The equity markets have lost billions in value in the last few days, very similar to 1987. The difference of course will be that after 1987 it only took months for the market to regain the value it lost. What we face today is conditions were we could have an economy strangled by high debt, continuously rising interest rates, and a FED reserve board without the necessary mechanisms to prime us out of economic stagflation.
stocks just rebounded overnightdamn shouldve went in and bought sum when they were doin bad for the last couple of dayz, mustve been teh spurs effect
Do you even realize there's a contradiction in that statement?continuously rising interest rates, and a FED reserve board without the necessary mechanisms to prime us out of economic stagflation.
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