Why Is the Stock Market "Going Down"?
• It isn't. It's actually just taking a brief break from going "up."
• Nobody knows.
• People get paid a lot of money to pretend to know.
• Stuff is so messed up, it could be any number of things really. The paper says "on intensifying investor fears about a slowdown in global economic growth" and that's such a huge load of baloney. Oh, the investors feel fear about the globe? Cool story, bro. I mean, the DOW is scaled averages of share prices of 30 companies, not people's feelings about Europe's debt crisis. (Right, that's why Home Depot shares are down 10%.) It's called TAKING MONEY OUT OF THE SYSTEM WHEN YOU CAN. People are getting what they can get, then they'll do that again later.
• Where were you in '92?
To be fair, perhaps the 5-day and the 6-month views would be helpful in terms of patterns?
Those also don't really mean anything, you know. But the phrase PROFIT-TAKING does.
y'know, they probably just need to do a little cleaning up around Wall Street.
With Fire.
Or '87, remember '87? Buncha hysterical twits.
Felix Salmon just interrupted his fancy Swedish vacation to basically say the exact same thing on his blog, only wordier and a little more optimistic. ADVANTAGE: CHOIRE.
Psh, Feelings. Aren't those supposed to be suppressed?
I was in second grade in 1992. I'm sure the stock markets did [something something clever] to my recess then.
I believe the answer to your question is "still in a room without a view."
Ooh, I think it's exciting.
My mattress is full of shiny stones.
BITCOINZ
The real explanation: The market is an "entertainer" at a bachelor party.
Science?
Is anyone surprised that a major financial firm is called "moody's"?
two words: twitchy bitches
Oh, for fuck's sake:
The market's fear gauge — the VIX (VIX) — surged 30% to a reading of 30.5. That's just above 30 — the level that signals a high degree of fear. The VIX up 77% from the start of the year.
http://money.cnn.com/2011/08/04/markets/markets_newyork/index.htm?hpt=hp_c1
@Clarence Rosario VIX Vaporubbish
I guess I picked a bad week to sink all my savings into the TSX.
THANK you for this. I am so tired of news agencies making things seem worse than they are.
Also, and I'm no economist, but I feel like the perspective on the Dow would be a lot different if the scale didn't go from 11,600 to 12,600. This is all just stuff at the very top 10% of the chart, isn't it?
Well, as you know, in this country it's only the top 10% (or 1%) that counts.
Mercury retrograde. Duh.
On a plane right now…. Heading west. With the time difference, I figure I'm going to land in yesterday, pull out all my money and win the stock markets. I will see you all on Easy Street.
It just means that Blue Horseshoe no longer loves Anacott Steel.
Nobody knows the real situation and there is too much speculations in the markets.