A French bank froze the assets of three accounts that had invested in sub prime loans. Is this the beginning of a massive foreign sell off?
2007-08-09 11:20:32 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Forgot the word 'loss', as in the 387 point loss in the dow jones index today.
2007-08-09 11:22:06 · update #1
Just a bunch of low IQ idiot lemmings on Wall Street.
The last drop over 300 was because Warren Buffet farted, so go figure.
2007-08-09 12:29:15 · answer #1 · answered by Anonymous · 4⤊ 0⤋
The most important thing is to get the economy growing again. Yes the debt, credit rating, trade imbalance are all part of the problem, but focusing too soon on any one of them isn't going to help. If the price for halting the deficit is to cut spending so much that it floods the job market with laid of government workers, and stalls this delicate recovery, then is it really worth it? I don't think so. We need to look at the big picture and do what it takes to stay both fiscally responsible while also encouraging growth, especially job growth. We've just been through the worst recession since the 1930s. This isn't a problem that will be solved over night. The fact that half of us aren't standing in bread lines is something, at least. And to those who blame Obama, remember that the economy nearly imploded before he was elected. Even if he was an economic genius and had the political climate to do whatever he wanted to, we still weren't going to get out of this without some financial pain.
2016-05-18 02:12:54 · answer #2 · answered by ? 3 · 0⤊ 0⤋
What do they mean, sell sell sell? Since when is "buy high, sell low" a sound investment philosophy?
Sure, if I had bought stock in a subprime mortgage company, I would look at whether or not it was worth keeping. But I know that I am not psychic, which is why I have instead purchased a nice, low cost index fund. I suggest you read The Little Book of Common-Sense Investing by John Bogle and join me in buying and holding.
2007-08-09 11:46:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It means nothing.
The French banks froze funds that invested heavily in the riskiest types of loans, and their gamble did not pay off.
How did the market do yesterday? The day before? It went up several hundred points over the past week. Why are you not applauding how great the US economy is based on that?
2007-08-09 11:52:37 · answer #4 · answered by cbmttek 5 · 0⤊ 0⤋
If the Dow did NOT fluctuate by at least 500 points WITHIN a single trading day, that would be news worthy. The MEDIA hype is written by people that couldn't find the stock market if you dropped them on Wall Street.
2007-08-09 12:54:45 · answer #5 · answered by STEVEN F 7 · 2⤊ 0⤋
Not very serious for established US companies. We've had financial crises before in 1987 and 1998 and the DOW is up more than 100% since then.
2007-08-09 19:47:55 · answer #6 · answered by Steve R 6 · 1⤊ 0⤋
This is normal ups and downs. NOW if people panic then it would be bad. Just remember in a stock trade one of the persons is making money and the other isn't, good times and bad. Don't beleive the hype.
2007-08-09 11:32:13 · answer #7 · answered by Domino 4 · 0⤊ 0⤋
This was a 2.83% dip. It means NOTHING. If daily drops of anything less than 10% make you nervous, you don't belong in stocks!
2007-08-09 11:26:06 · answer #8 · answered by Anonymous · 1⤊ 0⤋
My thoughts?..sell...sell....selllllll
And wait for the Democratic president
2007-08-09 11:23:24 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I'll explain Young Adult fiction to you if you'll explain economics to me.
2007-08-09 11:23:33 · answer #10 · answered by Marianne not Ginger™ 7 · 0⤊ 2⤋