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, plungeUS 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, volatilityAnother Bad Day on the Stock Market
Lately the stock market is not doing too well. The US economy is struggling due to its weak currency, housing woes, and subprime credit problems. Many of the stocks lost a lot of value and they became very cheap right now. If you think about it, now it may be better to go short rather of [...]
Tagged as: cheap, countrywide, credit, etrade, housing, market, recover, short, subprime, weak currency