Credit worries slam Wall Street »
Posted by: STONERS 9 months, 1 week agoStocks fell on Monday, pushing the S&P 500 down 1 percent, on fears that the spillover from mortgage defaults and credit market losses will drag on the economy and spur consumer caution this holiday season.
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STONERS9 months, 1 week ago
"The Dow Jones industrial average was last down 79.09 points, or 0.61 percent, at 12,901.79. The Standard & Poor's 500 Index was down 14.44 points, or 1.0 percent, at 1,426.26. The Nasdaq Composite Index was down 22.25 points, or 0.86 percent, at 2,574.35."
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MyCampingMall9 months, 1 week ago
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GHOSTWHOWALKS9 months, 1 week ago
Look for the market to drop even lower. Whether this is just a correction, or a sign of an upcoming recession still remains to be seen.
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simonsez9 months, 1 week ago
The market is the perception of value of a stock at any given moment. Stocks are often bought and sold for the wrong reasons.
The "herd" effect is often in play and is generally wrong. Buy and hold is the only effective strategy.
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Cityslicker9 months, 1 week ago
Yep , take everyones pocket change (any extra money one might acquire form saving) away and they don't spend as much , funny that way isn't it ?
Gosh , inflation was o-k about a couple of years ago before Katrina .
Heck , even after a terrorist attack the economy was strong , but let one little storm hit land near the refineries and poof , need to adjust inflationary prices , SCAM .
Induce Eron-ish trading that will work !
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hamy9 months, 1 week ago
I welcome this news. When the stock market falls, the real estate market should come back a little bit as people move their money out of stocks and into real estate.
But Bush said that the economy is "stronger than ever" so I guess I shouldn't worry. I am sure that he is doing enough worrying for all of us!
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Lazloe9 months, 1 week ago
A recession is in the works. The political gurus in the White House are trying to put a positive spin on it all; however, the mortgage problems will really pick up speed in 2008.
If you have all your savings in the DOW or NYSE I would strongly suggest that you look at the Canadian stock exchange or Asia.
The Canadian dollar is no longer a good investment for high returns because it has settled into a stable level; however, as our own dollar continues to sink, the Canadian dollar is a next door currency and is a very safe bet for Americans right now. Also Americans need to look outside of the country to safe guard themselves from the worsening USD crunch that's coming.
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BuffaloJ9 months, 1 week ago
Hmmm, didn't the Fed announce 2 or 3 weeks ago that "The US economy is doing well??
I laughed when the fed announced that...the dollar is tanking compared to other currencies and the stock market is taking a dive too(and that looks to continue).
Economy doesn't look all the good to me...
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quackpot9 months, 1 week ago
I just wonder how much longer the Regan I/Bush I/Bush II economics of
Borrow / Print money/SPEND SPEND SPEND economy will last?
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quackpot9 months, 1 week ago
Thanks in no small part to the MAJOR SUB-PRIME SCAM artist R. Arnall.
This SCUM (R. Arnall) is the one that Bush appointed as Ambassador to the Netherlands in return for his $8 million campaign contributions.
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kevinreilly6 months, 3 weeks ago
Again, welcome! May I ask what brings you to this particular list? http://fine-mp3.com/letter-b-1/
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