User Comments

1. 

   1/21/08

   neobluepanther

   Don't know about the Great Depression, but Indain Stock exchange went down almost 1500 points down...

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2. 

   1/21/08

   ghostytwofish

   It takes 6 months of decline to indicate a recession. We've had ONE month. Please stop with the hyperbole. Thanks.

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   1. 

      1/21/08

      Manictastic

      I know it takes six months for a recession, but never in my short life have I witnessed a drop in global stock exchanges of more than 5% on one day. Certainly not, if they have been declining for over a month.
      
      The big question mark now is, is how are people going to react on this drop. Is there going to be panic, or are the stock exchanges going to flare back up tomorrow?
   2. 

      1/21/08

      globalgirl

      "Is there going to be panic"? Perhaps. Hold on tight.
3. 

   1/21/08

   netboy

   indian stock exchange ! loss loss loss ! 1500 points

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4. 

   1/21/08

   scholarpreneur

   The beginnings of a recession were a couple of months ago. Movement in the stock markets don't cause booms or busts, they just reflect the health of the economy.

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5. 

   1/21/08

   DOUGGOFFdotCOM

   Yes they are crashing, wait till they hit rock bottom and then buy!

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   1. 

      1/21/08

      scholarpreneur

      The question is, where is the bottom?
   2. 

      1/21/08

      globalgirl

      We are not at the bottom. Yet.
   3. 

      1/21/08

      scholarpreneur

      I don't think so either. The US exchanges are closed today, so tomorrow may be quite scary.
   4. 

      1/21/08

      DOUGGOFFdotCOM

      Just watch Squwak Box each morning, they'll tell you!
   5. 

      1/21/08

      scholarpreneur

      The big guys on TV, like that Kramer guy, make money from people buying the stocks they pump up. Then they cash out before it deflates.
      
      Don't trust them.
6. 

   1/21/08

   niro121

   Dam I had an awful time in Sri lankan stock exchange recently.. I feel Asian market also going down.. Anyhow Sri lanka market is being effected by war I donno why other markets are..

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7. 

   1/21/08

   clioandme

   Depression is rather an overstatement, don't you think. The "R" word is strong enough in this case, and even that is still a debate, though perhaps not for long.

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   1. 

      1/21/08

      ender

      yes well, manico lives by extremes and exaggerations ... he's still just a baby, yanno.
   2. 

      1/21/08

      Manictastic

      Ender, will you change my diaper?
      
      Thing is, Stoneman, that if you look at the sectors which have been hit, it's not really to be cheery about. The financials normally are the backbone of the economy. If they weaken and something else weakens, we could be headed for some very rough seas.
   3. 

      1/21/08

      ender

      manic, it's still early to be that scared of rough seas. and who said mark was being cheery?
   4. 

      1/21/08

      clioandme

      Seriously. There is nothing cheery about the 'R" word.
8. 

   1/21/08

   kopidunia

   The Norwegian Stock Exchange went down 6,5% today and 20% since January 1st and has basically not regained its foothold since the "minor" correction in July...it has been an endless ride downward for 6 months now. Two steps down, one up, two down etc...hitting bottom soon? Don't think so.

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9. 

   1/21/08

   scholarpreneur

   I hope you folks have food and water stocked up.

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10. 

    1/21/08

    neobluepanther

    I havent really followed the stock markets the world over, but in India it has only went up. And only in the last two days have we seen a slump.
    
    I am pretty sure that it will spring back tomorrow.

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11. 

    1/21/08

    offendedblogger

    I have an underground bunker here in Idaho that can fit 12 and there are 5 spaces left. Maybe I should hold a contest on my blog??!!
    
    Bwahahahaaa...

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    1. 

       1/21/08

       clioandme

       And Idaho is far away from the sea, so you can forget global warming too.
       
       But what was this bunker for? Storms? The bad old Cold War fears of nuclear holocaust?
    2. 

       1/21/08

       scholarpreneur

       You could sell spaces for Entrecard credits maybe.
12. 

    1/22/08

    Layman

    The stock exchange is going down but it is good for the dollar. The dollar would start going up. All those currencies: Euro, British Pounds, Canada dollar would go down..........OH God, I wish the stock market would go back up.

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13. 

    1/22/08

    jackpayne

    With all the surplus dollars Greenspan pumped out since 9/11 still sloshing around, and with the ARM resets yet to trigger on mortgages, making the sub-prime mess highly toxic, we ain't seen the worst yet. My 1975 book, Energy Forecast to 1990, was nearly 20 years before its time, but it sure seems to be coming true today.

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14. 

    1/22/08

    Manictastic

    Many of the Asian stock markets have gone down again today. www.ft.com/cms/s/0/636ed4fe-c88b-11dc-94a6-0000779fd2ac.html
    
    Paris: down 4%
    Amsterdam: down 4%
    Brussels: down 4%
    
    Looks like another black trading day

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    1. 

       1/22/08

       kopidunia

       Oslo: down 5%
       
       I don't have enough stocks to go kill myself, but certainly enough to pull my hairs...sigh.
    2. 

       1/22/08

       Manictastic

       Looks like the European stock markets are recovering from their opening losses. Maybe, it's not so bad after all.
15. 

    1/22/08

    Daldianus

    Just breathe, just breathe ...
    
    The stock markets are a kind of gambling casino anyway! Most prices are virtual and built upon not much more than hot air.

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    1. 

       1/22/08

       peacebella

       Yes
16. 

    1/22/08

    acousticguitarist

    YES

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17. 

    1/22/08

    witewood

    We are never sure where the bottom of the market is until we have bounced well past it! However, I doubt we have seen close to the bottom yet. All the Bear markets signs are there. The double top at 14000 on the DJIA, the wild volatile swings, now the downturn. With the housing market situation, credit crisis it's hard to make a case of new market highs being set, and still the index for the DJ is within 15% of it's peake. Much more down side still to come, in my view.

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18. 

    1/22/08

    Daldianus

    Let's all stockpile on food. The sky is falling.

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19. 

    1/22/08

    emiltsch

    nope...hardly.

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20. 

    1/22/08

    Manictastic

    Even with a .75% Fed rate cut, stock exchanges are not bouncing up. Did the Fed lower interest rates too much?

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21. 

    1/22/08

    techfun

    Mumbia had to actually suspend trading for a while, but when it resumed it ended up down 13%.

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