I would say no. It is normal for the market to have short-term ups and downs (though in the long run it has always gone up). We had an unusually long period of basically steady rising from last July until a couple days ago. I think the market went up too far too fast and it's not time for that imbalance to be corrected by a period of declining stock prices. My guess is that it will last 2-3 months with a total decline in the major averages (S&P 500, Dow, etc.) of 10-12%. That would be considered a normal stock market correction. A "crash" would be MUCH bigger. The one in 1987 was 22% in ONE DAY. Tuesday's drop was only about 3%.
After the decline is over (I'm guessing late spring), I would expect the market to resume climbing.
2007-03-01 04:42:44
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answer #1
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answered by Dave W 6
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I thnk it isn't anywhere near crashing, but I wouldn't keep my money in it at the moment. But then again, I have been wrong before. You should think about consulting Yahoo Finance as they have thorough information on just about anything you want to know about. A crash is when the market wipes people out like in the 1920s. A recession is when the people withdrawing money outnumber those putting money in, resulting in a recession long term. This is more likely the 10% correction that many market gurus have been predicting. It's only begun, but won't be permanent.
2007-03-01 12:37:59
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answer #2
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answered by Brett M 3
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There was a major fall in Chinese stocks that had a knock on effect on other markets but that was just a "re-adjustment" because their prices had been artificially high. It's unlikely that there will be a long term effect on global stock markets.
2007-03-01 12:40:15
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answer #3
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answered by Anonymous
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No it isn't
And given tuesday correction less chance of a correction.
Economy altough slowing, remains strong enough, oil prices are acceptable, profits are still good.
2007-03-01 16:07:58
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answer #4
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answered by Carlos G 3
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No but last Tuesday was horrible
2007-03-01 12:39:12
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answer #5
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answered by Miss Interpreted 6
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I think it is
Get all your money out now and put it under your bed
2007-03-01 12:39:26
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answer #6
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answered by Steve 3
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it will be below 10,000 (dow) sometime this year
2007-03-01 12:41:03
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answer #7
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answered by bob shark 7
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no
2007-03-01 16:05:46
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answer #8
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answered by Anonymous
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