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2007-03-01 04:32:04 · 8 answers · asked by Anonymous in Business & Finance Investing

8 answers

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 · answer #1 · answered by Dave W 6 · 0 0

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 · answer #2 · answered by Brett M 3 · 0 0

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 · answer #3 · answered by Anonymous · 0 0

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 · answer #4 · answered by Carlos G 3 · 0 0

No but last Tuesday was horrible

2007-03-01 12:39:12 · answer #5 · answered by Miss Interpreted 6 · 0 0

I think it is

Get all your money out now and put it under your bed

2007-03-01 12:39:26 · answer #6 · answered by Steve 3 · 0 0

it will be below 10,000 (dow) sometime this year

2007-03-01 12:41:03 · answer #7 · answered by bob shark 7 · 0 0

no

2007-03-01 16:05:46 · answer #8 · answered by Anonymous · 0 0

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