Total Worldwide Market Collapse – Myth Or Reality?
WOW, it is unbelievable what I saw just now in the Asian stock markets…The HK Hang Seng Index sank 12.7%, closing at a multi-year low of 11,015. Also, the Nikkei went down 6.4% to 26-year low of 7162 points. Although this is a really depressing day for many people, I am starting to believe there [...]
Tagged as: asian markets, bailout, crisis, elections, government, hang seng, housing, interest rates, nikkei, oil, subprimeFed's Half-Percentage Rate Cut
As expected by many investors and analysts, the Fed had cut the key interest rate half a percentage to 3% on Wednesday, the lowest level since Spring ‘05. This is the fifth time the Fed had cut the rate since it began with a half-point cut on Sept. 18, 2007, in response to the Subprime Crisis back in Summer ‘07.
Tagged as: borrow, Economy, fed, growth, half-percentage, inflation, jobs, rate cut, subprimeCompanies That May Turn Around
COH – Coach Inc.
In the early morning press release, Coach said that it is going to open the first Hong Kong global flagship store in summer 2008, in the Lan Kwai Fong area located near Central (Link). This is very good news considering Hong Kong is the shopper’s heaven.
US 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