Global markets fell sharply yesterday!

Global markets fell sharply yesterday!
Mar 3, 2009 03:02
DREAMLIFE Points: Join Date: Sep 5, 2007 Status: offline	With the escalating fear of the financial situation of the banks, the investors start to buy the relatively safe US dollar. Some companies also start to cut their dividends. This two factors caused a dramatic fall in the global markets. The Dow Jones Industrial Average fell below 7000 for the first time in recent 12 years. FTSE 100 in London also went to its lowest in six years. Very depressing news! A head of equities at a brokerage says that the outlook of the global markets will become more pessimistic if the markets can't rebound very quickly.

Mar 3, 2009 03:02

DREAMLIFE
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Join Date: Sep 5, 2007
Status: offline

With the escalating fear of the financial situation of the banks, the investors start to buy the relatively safe US dollar. Some companies also start to cut their dividends. This two factors caused a dramatic fall in the global markets. The Dow Jones Industrial Average fell below 7000 for the first time in recent 12 years. FTSE 100 in London also went to its lowest in six years.

Very depressing news! A head of equities at a brokerage says that the outlook of the global markets will become more pessimistic if the markets can't rebound very quickly.

Mar 3, 2009 20:02	#1
GARYKINKADE Points: Join Date: Jan 8, 2008 Status: Offline	Hello Iceland, can you see the U.S. in your side view mirror yet?? Psst....the objects seen in this mirror are closer than they appear.

Dec 15, 2009 08:24

UMPATAN
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Join Date: Dec 15, 2009
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Quote:

Originally Posted by GARYKINKADE

Hello Iceland, can you see the U.S. in your side view mirror yet??
Psst....the objects seen in this mirror are closer than they appear.

I think that those who went in after the March lows have done quite well. I wonder with the recent pull back in the commodities market such as in spot gold hitting over 1200/oz to 1100/oz, if it will make a further market correction before rally to 1400/oz mark?

Jan 1, 2010 03:06

BOBERT
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Join Date: Jan 1, 2009
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Commodities are not really rising in value. The value of currencies is sinking. What else could you expect when so many countries are printing money and borrowing more. Currencies the world over are being devalued by stealth. The $US national debt will be far easier to service if the dollar buys less.

Gold may well hit US$1400 per once but the real value of the dollar will drop accordingly. Commodities are the best hedge against inflation but that doesn't mean you actually make any money.

Aug 6, 2011 23:16	#4
CANADAGUY Points: Join Date: Oct 1, 2007 Status: Offline	"Global markets fell sharply yesterday!" History is repeating itself all too soon! :(

Aug 7, 2011 20:16	#5
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	Eurozone sovereign debt crisis plus US debt downgrade creates market tumble through panic selling off last Thurs. Hope we won't see the reperform of the crisis in 2008 caused by banking system failure.

Aug 8, 2011 18:13	#6
LARRYBOY Points: Join Date: Apr 10, 2009 Status: Offline	I hope not either,, but right now its a runaway train, and its bound to cause MORE damage before it is stopped.

Aug 8, 2011 21:09	#7
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	There is doubt whether it's emotional or logic free fall. Markets are full of fear of second-dip and end up with cashing out. The fact that collective human emotions are out of control best fits the market activities. Where is bottom?

Aug 8, 2011 21:33	#8
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	They finally made a deal. But the global economies have been dramatically influenced by the “USA debt drama”. After the S&P downgraded its rating on U.S. Government debt from AAA to AA+, the global stock markets fell sharply. But Mr. Obama still insisted that the USA debt would be always be AAA-rated.

Aug 9, 2011 03:52	#9
DREAMLIFE Points: Join Date: Sep 5, 2007 Status: Offline	But Mr. Obama still insisted that the USA debt would be always be AAA-rated. Who cares about what he said? The global markets still drops after he said what he said. China will lose 6 to 7 billion USD because of the global markets sell-off. Spending 6 to 7 billion USD to learn a lesson is very expensive. But it is worthy. Take actions to avoid future losses.
DREAMLIFE Points: Join Date: Sep 5, 2007 Status: Offline	Last edited by DREAMLIFE: Aug 9, 2011 03:54

Aug 9, 2011 21:36	#10
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	It's a cyclical thing and so is the cost of the lesson. The pattern of up and down is the way it is and it's way that never ends.

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