Asian Markets Plunge Again
The Asian markets sank into deep losses the second day of the week. Today’s decline is much greater than yesterday’s, with HSI sank more than 8%. Worldwide markets are going into chaos right now, so everything is a mess. In this shaky market, cash is king.
Tagged as: asian, cheap, crash, Economy, freefall, losses, markets, plungeAsia Markets Sink Amid Pessimism Over US
The US recession fear had spread across the world. Today the Asian markets are taking a big hit, especially in Hong Kong and China, both declining more than 5%. I believe the US market will drop too because of the widespread pessimism in Bush’s stimulus plan to prevent a recession.
Tagged as: asia, bush, china, drop, fear, hong kong, markets, pessimism, rate cuts, recession, recovery, stimulus, usAnalysts expect big profit drop at AMD
Yesterday, AMD’s stock price jumped to near $7 without a reason. Maybe investors are hoping for a surprise at AMD. However, I don’t think there will be any miracle. People assume that if Intel does bad, AMD will do well. This is usually not the case. It will probably drop more after the earnings because [...]
Tagged as: amd, ati, disappointing, Earnings, intel, losing money, surpriseUS Economy Loses Ground
The whole market is down at the moment. It is not just individual stocks, it is the whole market. As mentioned last week, Goldman Sachs sees US recession in 2008. The root cause of this is the Subprime Crisis in summer 2007, which leads to the housing downturn. This had indirectly affected most of the [...]
Tagged as: cheap, citigroup, consumer spending, decline, down, Economy, goldman sachs, housing, intel, loss, market, recession, retail, shaky, subprime, uncertainty, us, volatilityCoach, Polo Drop on Analyst Downgrades
Even though Goldman Sachs downgrades Coach, I still believe that Coach will do just fine in the next few months. The core business is still intact and sales are stable because women are continuously buying Coach bags.
Tagged as: analysts, coach, downgrades, estimates, goldman sachs, polo ralph lauren