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| Celtic Radio Community > Politics & Current Events > Markets Fluctuating On Each Bit Of News |
| Posted by: Patch 16-Aug-2011, 05:01 PM |
| The market antics now are much like the lead up to "black Tuesday, Oct 29, 1929." There are charts available on line for comparison. Investors are skittish and rumors/fact are reported through out the day. Conditions are ripe for another crash. Any thing could be the trigger. Use caution and get the best advice possible. This is an interesting site: http://history1900s.about.com/od/1920s/a/stockcrash1929.htm Slainte, Patch |
| Posted by: Patch 18-Aug-2011, 03:52 PM |
| The Dow closed under 11K today on numerous bad economic reports at home and abroad. Crude fell by $5.00 a barrel while gold and silver appreciated. Treasury returns fell and mortgage rates hit a 40 year low. The market outlook based on the overnight futures does not look good but that could change based on the performance of other world markets over night. These certainly are interesting times. Slainte, Patch |
| Posted by: MacEoghainn 19-Aug-2011, 10:50 AM |
| What is really sad about this is that all the financial 'gurus' I hear say that many stocks are undervalued, which is probably why we keep seeing such wild fluctuations. Every time the Chicken Littles bail out of the market there's a Wolf waiting to snatch up the stocks the Chicken Littles bailed out of at bargain basement prices. |
| Posted by: Patch 19-Aug-2011, 02:58 PM |
| That friend is the master plan!!! The economic situation we are in is causing the volatility. Until we can create a business friendly atmosphere and thus jobs this will continue to deteriorate. Business is sitting on several trillion dollars off shore waiting to reinvest and if it takes too long, the business will move off shore too. The CEO's that I know are waiting for 2012 and if that fails, they are gone. Should that happen, we have seen nothing yet! Predictions now are for at least a double dip recession and some predict worse. They are not "chicken littles." They are conservative brokers. When the "debt deal" turned out to be a farce (the reason S&P cut our rating) the big investors began taking profits using high speed computers and programs designed to do just that. It creates wild swings and replicates the market volatility of May/Oct. 1929. I do not know what will happen but I intend to follow my belief that it is best to prepare for the worst and should that not happen, I will still come out ahead. We certainly appear to be headed for some really interesting times. Slainte, Patch |