2007-08-12 02:48:23 · 14 answers · asked by pagreen1966 3 in News & Events ➔ Current Events
Short term I would say, NO!
FTSE crashed almost 4% Friday while the DOW recovered last seesion of the day. So, for me its set to bounce. Europe should bounce big, US should follow. BUT, for how long? Nobody can say.
But, thats just me.
{EDIT} - chocolahoma
That’s a very simplistic view of Market dynamics and somewhat inaccurate. Those people trading on margin would have been forced to sell and most intuitional portfolios would have adjusted their holdings based on these events causing the HUGE volumes that have been recorded. It all depends on your individual perspective and what timeframe you are trading in.
{EDIT} Monday 13th 15:52 BST:
FTSE 100 (FSI:^FTSE)
Index Value: 6,224.80
Trade Time: 3:51PM
Change: +186.50 (3.09%)
There you go!!! Glad I backed it this morning :)
2007-08-12 02:52:22 · answer #1 · answered by Jack 3 · 0⤊ 3⤋
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2015-01-25 03:38:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
So far, nobody answered my question...will the Bulls or the Bears win out?
With so much gyration, the market still seems to want to stay intact...for now.
Any sloping could mean that long term, it will sink.
Remember, we hit 14,000 three weeks ago.
Personally, I believe the market is driven by computers that do trading based on what averages are doing.
It didn't stay above 14,000 very long, just nipped it...and suddenly retreated.
There are two schools of thought prevailing, and oddly it may be that both will be right.
It's a question of how long your patience will last.
Next week? My guess is two dramatic days of buying and selling, and three days of virtually nothing going on.
If we finish the week lower by a few hundred Dow points, could be we go a lot lower thereafter.
I expect a nice rally sometime in late September, into November...giving long term players a winning year.
2007-08-12 03:05:43 · answer #3 · answered by Anonymous · 2⤊ 1⤋
It will have its ups and downs. Yes when it falls it will be further than the last time. The federal government will not let the market crash like it did in '29.
2007-08-12 03:14:41 · answer #4 · answered by firewomen 7 · 1⤊ 1⤋
The markets of the world are going through a correction phase. They will continue to go down at a more gradual rate.
2007-08-12 06:02:57 · answer #5 · answered by kenoplayer 7 · 1⤊ 1⤋
Who can say?
It would be No Big Deal. Even after 9/11, the markets dropped huge amounts, and recovered within one year's time.
The only people (generally) hurt by drops in the market are people who panic and sell off their assets at a loss...
2007-08-12 02:59:28 · answer #6 · answered by chocolahoma 7 · 0⤊ 2⤋
It depends how much the American subprime mess is replicated in other countries. There are probably going to be more companies outside America that are exposed to subprime lending ... they aren't going to do well and financial products like CDOs might affect a lot of investors if their assets are invested in this area ... it is going to get worse before it gets better.
2007-08-12 03:15:32 · answer #7 · answered by LongJohns 7 · 1⤊ 1⤋
As long as ALJ Regional Holdings (ALJJ.PK) keeps going up, who cares about the stock market.
2007-08-12 03:11:46 · answer #8 · answered by Anonymous · 0⤊ 1⤋
no 50 billion has stabilised it i think
2007-08-12 03:38:09 · answer #9 · answered by srracvuee 7 · 1⤊ 0⤋
you bet ye, it will drop till about 11000
2007-08-12 16:20:58 · answer #10 · answered by Anonymous · 0⤊ 0⤋