preferably 150 words using info from the wall street journal
thanx
2007-06-07 12:49:04 · 5 answers · asked by nikki 2 in Business & Finance ➔ Investing
Are you referring to the drop today? Here is a brief explanation for today's drop:
"Losses were driven largely by a sudden spike in benchmark 10-year Treasury note yields. Adding fuel to the fire was news late in the session that Bill Gross, chief investment officer for Pacific Investment Management Co. and manager of the world's largest bond fund, had raised his forecast for Treasury yields. The longtime bond bull also said he is now a "bear-market manager."
Worries about higher interest rates in the U.S. and around the world have driven bond yields sharply upward in recent weeks. Bond prices, which move in the opposite direction from yields, have tumbled, and the yield on the benchmark 10-year has jumped to 5.11%, highest since July 2006. The 10-year's 0.13-percentage-point move today was its sharpest since March 9, 2005, according to Ryan ALM."
from a WSJ journal article, June 7th 2007, JOANNA OSSINGER
2007-06-07 13:41:49 · answer #1 · answered by KatGuy 7 · 0⤊ 0⤋
The Dow has gone up too fast and must adjust. Keep buying a little at a time and in 20 years it will be up 8-10% a year. Be happy with that.
2007-06-07 22:35:34 · answer #2 · answered by sm4125 3 · 1⤊ 0⤋
Drop is just following China.
You want using info from the WSJ?.. go look it up yourself, Ms. Lazyass.
2007-06-08 01:12:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
What drop? The DJIA is up over 20% year-to-date!
2007-06-07 19:57:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
basically the drop in todays market and yesterday was due from investors fear of another interest rate hike this coming Federal Reserve meeting and from fears of rising oil prices again.
2007-06-08 00:32:46 · answer #5 · answered by Anonymous · 1⤊ 0⤋