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World Stock Markets Open. Going Down So Far.

Posted on 07/21/2002 5:52:57 PM PDT by Davea



TOPICS: Business/Economy
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1 posted on 07/21/2002 5:52:57 PM PDT by Davea
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To: Davea

2 posted on 07/21/2002 5:54:09 PM PDT by Davea
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To: Davea
Welcome [Sign In] To track stocks & more, Register
Premium: Streaming Real-Time Quotes | Free: Pay bills - Transfer funds - Money Manager Register/Sign In ]
Major World Indices

Major World Indices | Currency Exchange


Name Symbol Last Trade Change Related Information
Americas
Argentina MerVal ^MERV Jul 19 379.480 -2.260 -0.59% Chart, Components, more...
Brazil Bovespa ^BVSP Jul 19 10,583.15 -229.64 -2.12% Chart, Components, more...
Canada S&P TSX Composite ^GSPTSE Jul 19 6,535.44 -179.91 -2.68% Components, more...
Chile IPSA ^IPSA Jul 19 81.83 +0.08 +0.10% Chart, Components, more...
Mexico IPC ^MXX Jul 19 6,336.950 -96.880 -1.51% Chart, Components, more...
Peru Lima General ^IGRA Jul 19 1,176.14 -4.06 -0.34% Chart, Components, more...
United States S&P 500 ^GSPC Jul 19 847.76 -33.80 -3.83% Chart, Components, more...
Venezuela IBC ^IBC Jul 19 7,220.61 -36.01 -0.50% Chart, Components, more...

Asia/Pacific
Australia All Ordinaries ^AORD 8:53pm 3,007.20 -50.80 -1.66% Chart, Components, more...
China Shanghai Composite ^SSEC Jul 19 1,713.861 0.000 0.00% Chart, more...
Hong Kong Hang Seng ^HSI Jul 19 10,325.46 0.00 0.00% Chart, Components, more...
India BSE 30 ^BSESN Jul 19 3,230.27 -15.47 -0.48% Chart, Components, more...
Indonesia Jakarta Composite ^JKSE Jul 19 484.850 -3.370 -0.69% Chart, Components, more...
Japan Nikkei 225 ^N225 8:32pm 10,101.88 -81.36 -0.80% Chart, more...
Malaysia KLSE Composite ^KLSE Jul 19 726.48 0.00 0.00% Chart, more...
New Zealand NZSE 40 ^NZ40 8:53pm 1,999.54 -47.52 -2.32% Chart, Components, more...
Pakistan Karachi 100 ^KSE Jul 19 1,798.56 +11.95 +0.67% Chart, Components, more...
Philippines PSE Composite ^PSI Jul 19 1,167.56 0.00 0.00% Chart, more...
Singapore Straits Times ^STI Jul 19 1,560.18 0.00 0.00% Chart, more...
South Korea Seoul Composite ^KS11 8:53pm 729.22 -25.40 -3.37% Chart, more...
Sri Lanka All Share ^CSE Jul 19 716.39 +2.99 +0.42% Chart, more...
Thailand SET ^SETI Jul 19 394.27 0.00 0.00% Chart, Components, more...
Taiwan Taiwan Weighted ^TWII Jul 19 5,161.92 0.00 0.00% Chart, Components, more...

Europe
Austria ATX ^ATX Jul 19 1,197.46 -23.95 -1.96% Chart, Components, more...
Belgium BEL-20 ^BFX Jul 19 2,210.99 -100.41 -4.34% Chart, Components, more...
Czech Republic PX50 ^PX50 Jul 19 421.10 0.00 0.00% Chart, Components, more...
Denmark KFX ^KFX Jul 19 230.18 -4.88 -2.08% Chart, Components, more...
Finland Helsinki General ^HEX Jul 19 5,429.97 -264.81 -4.65% Chart, more...
France CAC 40 ^FCHI Jul 19 3,324.04 -189.67 -5.40% Chart, Components, more...
Germany DAX ^GDAXI Jul 19 3,891.88 -208.87 -5.09% Chart, Components, more...
Greece General Share ^ATG Jul 19 2,123.51 -30.30 -1.41% Chart, more...
Italy MIBTel ^MIBTEL Jul 19 18,589 -653 -3.39% Components
Netherlands AEX General ^AEX Jul 19 368.31 -18.40 -4.76% Chart, Components, more...
Norway OSE All Share ^OSEAX Jul 19 143.62 -2.10 -1.44% Chart, Components, more...
Portugal BVL 30 ^BVL30 Jun 28 3,331.25 0.00 0.00% Chart, Components, more...
Russia Moscow Times ^MTMS Jul 19 4,670.43 -127.37 -2.65% Chart, more...
Slovakia SAX ^SAX Jul 19 108.35 +1.39 +1.30% Chart, Components, more...
Spain Madrid General ^SMSI Jul 19 672.71 -29.83 -4.25% Chart, Components, more...
Sweden Stockholm General ^SXAXPI Jul 19 166.41 -5.67 -3.29% Components
Switzerland Swiss Market ^SSMI Jul 19 4,976.30 -295.20 -5.60% Chart, Components, more...
Turkey ISE National-100 ^XU100 Jul 19 10,472.98 -79.31 -0.75% Chart, more...
United Kingdom FTSE 100 ^FTSE Jul 19 4,098.30 -199.00 -4.63% Chart, Components, more...

Africa/Middle East
Egypt CMA ^CCSI 9:42am 638.71 -1.45 -0.23% Chart, more...
Israel TA-100 ^TA100 9:44am 364.75 -5.32 -1.44% Chart, Components, more...

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If you are going to post, you might as well say something.

3 posted on 07/21/2002 5:57:02 PM PDT by TightSqueeze
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To: Davea
Sorry about all this. Can't seem to get the link to post. Anyway here it is for your viewing pleasure...http://finance.yahoo.com/m2?u
4 posted on 07/21/2002 5:58:45 PM PDT by Davea
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To: Davea
I wouldn't worry too much, Abbey says its a great time to buy.
5 posted on 07/21/2002 6:00:09 PM PDT by TBall
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To: TightSqueeze
Looks like Slovakia is where you want to put your money!
6 posted on 07/21/2002 6:03:34 PM PDT by Ken H
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To: Davea
Careful, most of those are dated July 19.
7 posted on 07/21/2002 6:03:54 PM PDT by FReepaholic
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To: Davea
If the Taiwan market is any indicator, we might expect tomorrow to start down 2% or so. Of course, that could be the high point of the day!


8 posted on 07/21/2002 6:07:24 PM PDT by DallasMike
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To: Davea
The world markets (except possibly Japan) are nothing but lemmings. They follow ours. OF course they are down after our close Friday. But the US market doesnt take its cues from them at all. I think we see a little bit of an upwards pop on Monday. (yeah yeah, I know, but I swear I'm not smoking crack tonite).
9 posted on 07/21/2002 6:09:03 PM PDT by pepsi_junkie
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To: Davea
I wouldn't be surprised to see the markets go up tomorrow. A "dead cat bounce" to encourage the suckers to jump back in.

For the week, I would be surprised if the market was not at least 5% lower than it is now.

10 posted on 07/21/2002 6:12:34 PM PDT by Mulder
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To: pepsi_junkie
Can I have some of whatever it is you ARE smoking...........please please please.
11 posted on 07/21/2002 6:12:51 PM PDT by OldFriend
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To: Davea
Don't be too hasty. The PPT hasn't yet kicked in.
12 posted on 07/21/2002 6:13:21 PM PDT by gabby hayes
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To: Davea
The Mondays after really bad Fridays tend to be pretty bad themselves. It's all psychological; investors have all weekend to fret and worry, and decide to dump stocks first thing Monday morning, which leads to inevitable declines.

Thus, I'm not going to worry about Monday's trading. Let's see what happens the rest of the week.

13 posted on 07/21/2002 6:13:39 PM PDT by Timesink
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To: tscislaw
Nikkei down about 3% right now. Korea also down. Yen is up to 116+/$1.

14 posted on 07/21/2002 6:14:09 PM PDT by hinckley buzzard
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To: Davea
Frankly, I don't see the big deal about the stock market correction. Stocks go up, stocks go down. Isn't that what is supposed to happen?

I choose my stocks carefully and invest for the long term. 20 years or more. It doesn't really concern me what they do from day to day. What matters is that the company I invest in is a solid company that will be around for a while. Such as Lockheed Martin, Wal-Mart, Microsoft, Johnson & Johnson. Maybe I will even get significant dividends from these companies over time. For my 401(k), I choose mutual funds and diversify my portfolio from fixed to aggressive based on my age. I'm 40 now so I got 60% of my 401(k) in stocks. By the time I'm 65, that ratio will be down to 35%.

I suppose if I invested in those fly-by-night dot.coms, I'd have something to worry about. Those poor fools who paid $100 a share for stocks like Yahoo!, they may never get that money back. But the typical investor who is in it for the long term like me and has picked wisely for the most part, just ride this sucker out. Five or ten years from now, you won't be kicking yourself in the pants for having locked in your losses during a moment of panic.

15 posted on 07/21/2002 6:14:38 PM PDT by SamAdams76
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To: Davea
Buy,buy,buying,buying more.
16 posted on 07/21/2002 6:14:41 PM PDT by mdittmar
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To: Davea
Here's a link to overnight trading in S&P, NASDAQ, currencies, gold, etc.-- http://www.mrci.com/qpnight.asp (S&P 500 down 7.70, or about .8%)
17 posted on 07/21/2002 6:23:09 PM PDT by Ken H
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To: Ken H
Thanks!
18 posted on 07/21/2002 6:26:17 PM PDT by Davea
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To: Timesink
The Mondays after really bad Fridays tend to be pretty bad themselves. It's all psychological; investors have all weekend to fret and worry, and decide to dump stocks first thing Monday morning, which leads to inevitable declines.

Spot on. The wife and I were talking over the weekend about dumping her funds, which have taken 30% hits. All my funds were moved to money market based in April of '00 following Bob Brinker's advice to get out of the market. Boy, was HE right!

We left the wife's funds in the Vanguard and some self-directed funds and it kills me that a simple money market fund has outperformed them over the last two years.

We decided to bite the bullet this morning and hang on and leave her funds where they are. Don't really have a choice at this point, and we're young enough (both still under 40) with more than 10 years to go in the market so we're probably better off in the long run just holding our position.

IMO, August 14th is going to tell the story. See which of the Fortune 1,000 CEO's put their asses on the line and sign-off on their financial reports. Any that don't, can expect their stock to take a pummelling.

The problem in the market today is based on two things:

1. ENRON effect. There is a blatant distrust of corporations and corporate greed in the wake of Enron, Arthur Anderson, Global Crossing and now WorldComm. Johnson & Johnson coming under federal investigation didn't help either. People like you and I just don't know who to trust anymore. They're all a bunch of damn' liars, or so it seems.

2. The Federal Government's RUSH to "do something" about the problem. IMO, this is what's spooking the market and investors MORE. Threats of jailing corporate executives, new legislation, BIGGER GOVERNMENT, more regulation is NOT what the Corporate world, or serious investors want to hear right now. Bigger Government means more COST to the average investor. More REGULATION sounds good upfront because it sounds like the average investor/retiree will get some form of protection from the ENRON's of the world. But what it really means that you and I will probably pay some sort of fee/tax with every stock transaction/mutual fund investment to fund another Government Bureacracy, that's supposed to protect us from ourselves, because after all, the Federal Government thinks we're all stupid. It's just more Government. More taxes/fees, less capital investment by the Average Joe. And isn't that just what big daddy government wants?! YOU BET! It makes us more reliant on them to protect us.

No thanks. Get the government OUT of this issue, period. They're contributing to the problem, IMO.

Maybe I'll yank the wife's funds out of the market tomorrow afterall.....

19 posted on 07/21/2002 6:26:22 PM PDT by usconservative
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To: Davea
Yes, but the fact that the indepentent-minded maverick investors will turn the market around tout-suite en la manana to be sure is a no brainer, notwithstanding the mood of the market.
20 posted on 07/21/2002 6:27:35 PM PDT by Dec31,1999
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