i want to know the reason why.
2007-03-04 08:56:15 · 7 answers · asked by birdssummer 1 in Business & Finance ➔ Investing
its a preview of things to comes. Grennspan's yapping didn't help. But Asian markets are down another 500+ points today and Europe is bound to follow. There is a call to start buying from Deustch Bank http://www.bloomberg.com/apps/news?pid=20601080&sid=a.xhjtPe8hiU&refer=asia but today or this week is NOT the time. In fact I'm close to going on the sidelines today and fully expect on the sidelines by the end of the week.
The problems are recession fears, the sub prime mortgages which Wall Street has finally caught on as Satan's Spawn and geo political tensions. Pay CLOSE attention to the fed board when they meet.
2007-03-04 17:31:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The best reason I have heard for the drop this week is that it is simply attributed to a normal correction that the market experiences from time to time. Nothing more, nothing less. Market has been trending up for sometime now, and downturn should be expected and welcomed by savvy investors. Many of the overall market indicators remain relatively positive. Still a good time to invest.
2007-03-04 20:24:44 · answer #2 · answered by philsky 2 · 0⤊ 0⤋
Investors had been anticipating a drop for months and when they finally acknowledged its existance, they all sold into panic. Most of the actual panic occured around 3pm due to a technological glitch at the NYSE causing the market to appear to drop 250 more points in 30 seconds. Percentage wise, tuesday was not the worst day historically, but since we had not had a day that bad since 2003, it shocked many.
2007-03-04 17:06:42 · answer #3 · answered by armenkara 2 · 0⤊ 0⤋
Greenspan said we will most likely have a recession in last quarter of 2007.
Lots of people late on their loans to the banks and got repossed
China raised the interest rate over their.
2007-03-04 17:05:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It just made some corrections for a variety of reasons. It will come back. It's a good time to buy now.
2007-03-04 17:06:13 · answer #5 · answered by Irish 7 · 0⤊ 0⤋
Considering how big and complex the market is, there isn't going to be one single explanation. If you want a summary of my thoughts, check out http://www.valuestockreports.com/022707.htm
2007-03-04 22:35:57 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Every time I look at my portfolio, it has gone up another 10% or 15%....of course I only ever look once a year or so...
2007-03-04 18:12:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋