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Interesting day on the markets?
Graham_Devon
Posts: 58,560 Forumite
http://finance.yahoo.com/news/Stock-futures-point-to-plunge-apf-12632048.html?x=0&sec=topStories&pos=main&asset=&ccode=
Stocks looked to plunge at the opening of trading Monday and Treasury prices soared as investors around the world feared that consumers are too anxious to help lift the economy into recovery.
What's going on? Just looked and the FTSE is down a fair bit, and other indexes are down over 4%?
Now saying the DOW is going to plunge.
I genuinely don't get this. From someone who knows not much about markets, when bad news is out there, things seem to rally, when good things (like countries coming out of recession) it all falls?
Anyone care to explain whats happening today and what might happen on the DOW today.
And for a bit of fun, how many points, + or - will the FTSE end at today?
Stocks looked to plunge at the opening of trading Monday and Treasury prices soared as investors around the world feared that consumers are too anxious to help lift the economy into recovery.
What's going on? Just looked and the FTSE is down a fair bit, and other indexes are down over 4%?
Now saying the DOW is going to plunge.
I genuinely don't get this. From someone who knows not much about markets, when bad news is out there, things seem to rally, when good things (like countries coming out of recession) it all falls?
Anyone care to explain whats happening today and what might happen on the DOW today.
And for a bit of fun, how many points, + or - will the FTSE end at today?
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Comments
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guess it will less than 2% down today, Dow will touch 3% - miners and oil firms are losing the 'value' that was attributed to them on the sentiment that there was/is an upturn.
banks are getting it too - i struggle to understand how to look at these stocks.
the way the price moves has very little logic.0 -
Seems the American feel good factor is at it lowest for the last few months,0
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From an extrem amatuer viewpoint, it looks to me (and I have no idea whats going on!!) that the markets all get excited about a recovery, then when these recoveries come, everyone gets gloomy again and everything that was being built up on "recovery" falls down when it happens.0
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And Jap data, although recession ending was not as good as forecasts, could be a turn or a mild correction (markets don't go up in a straight line).'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Graham_Devon wrote: »From an extrem amatuer viewpoint, it looks to me (and I have no idea whats going on!!) that the markets all get excited about a recovery, then when these recoveries come, everyone gets gloomy again and everything that was being built up on "recovery" falls down when it happens.
Its a bit like opening a Christmas present - when you know what you're going to get the anticipation is better than getting it, and one you've got it you'll be focusing on the next present.
The only point in your analogy that doesn't work is that we haven't had recovery yet... that is some way off.0 -
Graham_Devon wrote: »From an extrem amatuer viewpoint, it looks to me (and I have no idea whats going on!!) that the markets all get excited about a recovery, then when these recoveries come, everyone gets gloomy again and everything that was being built up on "recovery" falls down when it happens.
a bit dramatised but not too far from the truth IMO.
also take away the recovery bit and add sentiment of a recovery...
it's going to a good time to stock up again on cheap dividend rich shares...0 -
Funny how 'certain' posters only find the market interesting when it's dropping :rolleyes:
I think that Japan managing a meagre 0.9% growth in the last quarter, when most analysts were looking for a higher number has been a wake up call reminding the markets that a small reversal in a recession can be caused by any number of reasons which don't add up to proof that it's over.
I think a lot of the euphoria in the Far Eastern markets over the last few months has been a little overdone.
There is still a long way to go.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
It may be that whilst these economies are coming out of recession, the UK and the US, plus the Eurzone overall, haven't. Global recovery will be dependent on our economies recovering, as we have the large banking sectors, so perhaps this is leading investors to question what is wrong here, and that is missing fundamentally, leading them to choose the safer options like Treasury bonds and Gilts.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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Funny how 'certain' posters only find the market interesting when it's dropping :rolleyes:
Actually I find it quite interesting that we had such a serious bull run, in the face of such underlying weakness. No one has really explained that one satisfactorily yet.I think a lot of the euphoria in the Far Eastern markets over the last few months has been a little overdone.
There is still a long way to go.
A long way down??0
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