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July 26 (Bloomberg) -- Stocks tumbled around the world and U.S. Treasuries rallied on concern higher borrowing costs will slow takeovers, spur debt defaults and curb earnings, prompting investors to flee riskier assets.
The Standard & Poor's 500 Index fell to its lowest in almost three months, while the FTSE 100's biggest drop in four years led declines across Europe. Benchmark stock indexes in Argentina, Brazil, Mexico, Turkey and Sweden sank more than 3 percent.
Originally posted by djohnsto77
The DJIA is down over 400 points now. Ouch.
Not a nice day on Wall Street.
Originally posted by uberarcanist
OK...I'm an economics enthusiast but also a bit of a n00b, isn't it true that volatility can be a sign of rapid growth?
Can't this be a good sign, in a way?
Originally posted by malcr
Oh my god the world is coming to end....just like it did in March when the (UK) FTSE dropped from 6400 to 6000 a considerably larger drop than the present one. Yet here we are at the end of the current drop and still higher than it was in March.....DUH. The market when its rising is doing so faster than it should so an inevitable adjustment occurs and that's what the falls are all about. So the net effect with after the current drop is that the FTSE has risen by 5% over a year. The market will rise a few percent as profit taking occurs....yes people do profit from drops and there will be the smart ones buying artificailly low stocks. The net result after a few weeks will be that the average annual growth will be around 10%. It was sitting at 14% before the drop. The reason why the smart investors make money in the long term is that there are enough "try to get rich quick" panic merchants out there!!!!!!!!!!