As many know the stock market plummeted today world wide. Who's fault do you think it is? Will this lead to another depression just world wide?
The phenomenon, stock analysts say, lies in the US slow down and sub-prime crisis. This was well reflected in most of the Asian stocks and in India, the worst ever thing happened. Immediately after the market opened today, the sensex crashed calling for immediate intervention and hence trading was stopped for one whole hour. All the FIIs have sold their worth and started looking for greener pastures. The small and medium retail investors are a worried lot
I am in Hong Kong and am heavily invested as well. Stocks fell cumulatively by almost 15% in 2 days. I would say that the stock market bubble in emerging markets such as China, India, E. Europe and S. America could well have finally burst. Everybody is now watching to see whether there is a crash on Wall Street today....
Never heard this so thanks for posting. I have a friend in America who is heavely invested in the stock market. Must send her an email and see if shes been badly effected.
Can you blame them, The #'s of the drops are rediculous. If you know about the depression back in the 1920's this is how the great depression got started, huge amount of people were in debt, people pulled their stock out asap and it all fell like a game of jenga. Im not as heavily invested as you may be but the stocks that i do have are garbage compared to what they were. lol no problem
If you have a good spare cash reserve, this would be the best time to use it to buy stocks. They will bounce up once the USA gets out of recession, so its almost a sure thing.
if you have the money this is a great time to invest. But thats because risk = profit its very risky because you don't know what will happen within the next year. The businesses you invest in could simply be hurt soo bad that you lose it all
People are also saying that its America that caused the crash. Soo many people are in debt due to buying homes they cant afford and pretty much digging a hole for them selves. I am from America my self lucky for me im not in that kind of trouble
Anyway, yesterday and today were good days to make money... let's see what happens tomorrow. The interest rates has been cut earlier than predicted so the dow may bounce back but if it continues to fall then take your money out of the dow quick, invest in euro and/or commodities.
[QOTE=medaa25;6220155]Anyway, yesterday and today were good days to make money... let's see what happens tomorrow. The interest rates has been cut earlier than predicted so the dow may bounce back but if it continues to fall then take your money out of the dow quick, invest in euro and/or commodities.[/QUOTE] its too late to in vest in the euro, i might as well wait for the dollar to go up
its too late to in vest in the euro, i might as well wait for the dollar to go up[/QUOTE] your call...
Well the stick market crashed world wide and its even worse in countries like India. So its not just the American dollar thats going down. The Japanese Yen is probably down too.