Good Morning Friends, my day NOT starts with walk today. I not go for walk as I weak up at 7-00 am. There are many reasons to weak up late. Conscious Dhirendra Patel inside me is feeling bad because I miss my daily routine walk because of my little laziness. I give strong commitment to my self for not repetition of this action again.
I am person of HRM. People management is my subject of interest. Finance is another subject of interest for me. I am taking active interest in Indian stock market as well as American stock market. We all are aware with the news that on Monday American stock market Down Jones was down by 778 point.
Stocks crushed with 778 point which is biggest single day point loss ever. It is around 7% down in a single day. Many news channels called it like the day America Trembled. Approximately $1.2 trillion in market value is gone after the House rejects the $700 billion bank bailout plan. Read the complete news at CNN Money.
Approximately $1.2 trillion in market value is gone after the House rejects the $700 billion bank bailout plan.
Stocks skidded Monday, with the Dow slumping nearly 778 points, in the biggest single-day point loss ever, after the House rejected the government’s $700 billion bank bailout plan.
The day’s loss knocked out approximately $1.2 trillion in market value, the first post-$1 trillion day ever, according to a drop in the Dow Jones Wilshire 5000, the broadest measure of the stock market.
The Dow Jones industrial average (INDU) lost 777.68, surpassing the 684.81 loss on Sept. 17, 2001 – the first trading day after the September 11 attacks. However the 7% decline does not rank among the top 10 percentage declines.
The Standard & Poor’s 500 (SPX) index lost 8.8%, its seventh worst day ever on a percentage basis and the biggest one-day percentage drop since the crash of ‘87, when it lost 20.5%. The Nasdaq composite (COMP) fell 9.1%, its third worst day on a percentage basis and also its worst decline since the crash of ‘87.
Stocks tumbled ahead of the vote and the selling accelerated on fears that Congress would not be able come up with a fix for nearly frozen credit markets. The frozen markets mean banks are hoarding cash, making it difficult for businesses and individuals to get much-needed loans.
More story in next post.
News courtesy CNN Money
October 4, 2008 at 3:57 pm |
How can it be safe now if stock market was crashing
October 7, 2008 at 8:59 pm |
Many investor will be affected if stock market will crash. since it’s your first part of publishing this….it means there will be a second part. And i hope with you will published a good result.
December 10, 2008 at 3:10 am |
As we are checking back to 1982, the graph shows us that the DJIA had kept surging in 1982-2007 and actually formed a linear upward graph before it came to the summit. During 1962-1982, DJIA was absolutely flat.
Money goes where confidence flows and stock market can be said almost is a confidence matter. However, it will always go beyond your speculation or go oppositely with what you guess. Every institution has at least a fund or its very own mechanisms to operate price daily. The chances for you to earn fast money from share market are slim except in bullish. A very true reason for this fact is whatever you have gained from the market is money of the other party and for sure the biggest party in market- funds of institutions, would not let you gain easily. Whenever the prices of financial derivatives go flat for a long time, it means a drastic move of that prices would soon reach, either going up or down.
What i see from the graph ,DJIA has stayed at 7000-9000 for a long time and the market seem to be calm and is widely guessed a great retrieval soon to be enjoyed .You have plenty of chances to buy in at the bottom and this does mean that a new bottom for DJIA would be form (in the next two months), something between 4000-5000.DJIA is the biggest market and possesses the greatest influence over other markets in the world ,thereby it wont come to the bottom in just a few years. During the process of bottom searching, there would be rises and drops causing to blindness. DJIA will be stayed at 7000 odd for a longer time in order to let the ingestion completely happen. It is a matter of at least ten to fifteen years and of course if the bottom was reached then people will be begin to think that Americans are going to lose its monopoly on world’s economy.
America is expected to suffer severe recessions. However, no other country can overtake it in term of economy unless the position of USD as a global reserve currency is shaken.
June 3, 2009 at 6:06 am |
OHH Very Interesting post! Thank you for such interesting resource! PS: Sorry for my bad english, I’v just started to learn this language
See you! ^_^