It started yesterday with an 832-point drop in the Dow...
Turbulence on Wall Street continues
New York (CNN Business) --- The stock market sell-off isn't letting up.
The Dow swung wildly between gains and losses on Thursday, struggling to rebound from Wednesday's scary sell-off that wiped 832 points off the index. In recent trading, the Dow was down 300 points.
Stock-market carnage has slashed almost 1,600 points from the Dow in a week
Why the US stock slump is hitting global markets hard
Hong Kong (CNN Business) --- A sharp drop in US stocks is causing tremors thousands of miles away in Asia and Europe.
Major share indexes in the United Kingdom, Germany and France fell more than 1% in early trading, following Wednesday's bloodbath in American markets, where the Dow plunged 3.2%.
The steepest losses in global stocks were in Asia, where some regional markets were already struggling. Stocks in Shanghai and Hong Kong entered bear market territory earlier this year.
Shanghai and Tokyo closed down 5.2% and almost 4%, respectively, on Thursday. Hong Kong's market dropped over 3.5%.Beware The 10th Of October! One Of Two Possible Remaining Dates For The Global Reset
"The Economist Newspaper Limited, trading as The Economist Group, is a British multinational media company headquartered in London and best known as publisher of The Economist. The Economist Group specializes in international business and world affairs information. Its principal activities are magazines, newspapers, conferences and market intelligence. ...Aside from the Agnelli family, smaller shareholders in the company include Cadbury, Rothschild, Schroder, Layton and other family interests as well as a number of staff and former staff shareholders."
ReplyDeleteThis blog post is not an endorsement of the ideas expressed here. It is of interest given the oddity of the images on this January 1988 Economist magazine cover and the FACT that a date produced on that cover (10.10.2018) saw the beginning of a very turbulent and volatile turn in the global markets which is continuing into today.
If this is not of interest to you, simply go elsewhere. Please refrain yourself from writing snide comments.
The stock market always goes up and down and this is nothing to a big decline...
ReplyDeleteTrump thinks that he is so smart and predictable but he will see why the system is very unstable for himself...
The biggest factor to a heathy and stable, wealthy and healthy economy and financial system is trust and loyalty not who makes more and who rises higher, . if you can not trust the bosses because they are crooks and liars (not everybody) and the workers are manipulators and do not help others and work together, then this is a very bad factor and leads to the worst decline and downfalls and trump will learn that in the end and currently, america is divided between white racists, democratic lefts, phony-jewish crooks, and pretty much manipulators and predators of every kind and this is what will bring everything down in the end
Jack
Dow down another 546 points today - this is looking much like the beginning of the 2008 meltdown.
ReplyDeleteNo meltdown, it's a correction.
ReplyDeleteSays who?
DeleteToo soon to tell.
Delete"After nearly a decade of endless market boosting, manipulation and regulatory neglect, all of the trading professionals I personally know are watching with held breath at this stage. The central banks have distorted the processes of price discovery and market structure for so many years now, that it’s difficult to know yet whether their grip on the markets has indeed failed."
--- Has "It" Finally Arrived?
I know zero about stocks and money :) My comment came from a discussion with an investment banker... that's what he told me. And I guess he was right: Dow jumps more than 500 points, posts best day since March as earnings fuel rally https://www.cnbc.com/2018/10/16/wall-street-futures-rise-ahead-of-goldman-sachs-morgan-stanley-earnings.html
ReplyDelete