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Originally posted by 7Ayreon
Should I be worried, it sounds like chaos over their. I remember (long time ago) watching the news and paying attention to the stock market reports and people going crazy waving their hands like cavemen and spitting out words for some odd reason at the hundreds of T.V monitors. I was like, O_o' "What has this world come to?" I mean, is this the end of the world? Are the skys falling ?!
In one sign of how shaken investors were, the CBOE Volatility Index, known as Wall Street's "fear gauge," surged 70.5 percent to a session high at 19.01 and then retraced its steps a bit to end at 18.31, a gain of 64.2 percent.
Howard Silverblatt, senior index analyst at Standard & Poor's, said the stock market's tumble wiped out more than $430 billion in the S&P 500 stock values, almost matching the value of stock buybacks by S&P 500 companies last year.
He estimated that for the overall market, the loss was $600 billion.
Originally posted by RetinoidReceptor
People are way too paranoid on this board [as usual]*1. There is no indication that there will be a cataclysmic depression worldwide, the worldwide growth is projected to be around 5% still*2. At this moment, the drop is due to a few things, mainly the Asian markets and European markets, which right now are being influenced by the drop in the American markets*3 (which shows how global we are).
Don't run to the bank yet.
Originally posted by Cerkit Breaker
*1. Making generalizations about a group of people is ignorant and is a sign of bigotry. Racist's and religious zealots use it to spread fear which you either have been taught or teaching. You personally demonstrate your own obviously low, vibrational level.
*2. By who's calculations are you quoting from and how accurate have they been in the past.
*3. The American market was influenced by the Asian market doing so poorly previously, not the other way around.
By many trained economists who have degrees and PhD's in the subject. What are your credentials?
Originally posted by Crakeur
Why Cerkit Breaker thinks this is a New York only issue is beyond me.
This is your opinion, not fact. Just because it is your opinion does not make it a valid fact. Saying that your OPINION is backed up by People with higher educations does NOT make you argument any more valid either. It may make it even less so because you stated it.
World economic growth will be higher than previously thought at 5.1% in 2006 and 4.9% in 2007, the International Monetary Fund (IMF) has said.
After the biggest selloff in over five years, market strategists and traders said stocks could continue to decline in the coming days. But many remained optimistic about the market's longer-term prospects.
Originally posted by Rockpuck
Asian markets are not looking good at all right now,
...Gold is continueing to drop as well.. which I still find odd....
Originally posted by titian
Shanghai is up nearly 1% right now. My chart is wacky, looked like it gapped down but has since recovered?