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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
KEYWORDS:
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1
posted on
07/21/2002 5:52:57 PM PDT
by
Davea
To: Davea
2
posted on
07/21/2002 5:54:09 PM PDT
by
Davea
To: Davea
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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|
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If you are going to post, you might as well say something.
To: Davea
4
posted on
07/21/2002 5:58:45 PM PDT
by
Davea
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
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
To: Davea
Careful, most of those are dated July 19.
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!
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).
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
To: pepsi_junkie
Can I have some of whatever it is you ARE smoking...........please please please.
To: Davea
Don't be too hasty. The PPT hasn't yet kicked in.
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
To: tscislaw
Nikkei down about 3% right now. Korea also down. Yen is up to 116+/$1.
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.
To: Davea
Buy,buy,buying,buying more.
16
posted on
07/21/2002 6:14:41 PM PDT
by
mdittmar
To: Davea
17
posted on
07/21/2002 6:23:09 PM PDT
by
Ken H
To: Ken H
Thanks!
18
posted on
07/21/2002 6:26:17 PM PDT
by
Davea
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.....
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.
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