biz.yahoo.com — On Monday, Greenspan said told China, "It is possible we can get a recession in the latter months of 2007." Although Greenspan also went on to say that most forecasters are not making that judgment, his remark nonetheless roiled financial marketshttp://www.msnbc.msn.com/id/17368579/
Feb 28, 2007 View in Crawl 4
Closed AccountFeb 28, 2007
Well, yesterday you should have bought. The market's recovered since then.
stghurkaFeb 28, 2007
China's market crashed first - and 3x as hard.
cbambrickFeb 28, 2007
EVERYONE BURY THIS!!!! THIS IS INACCURATE NEWS.......... IT HAPPENED YESTERDAY............ AS MANY OF YOU HAVE SAID, THE DOW IS UP ALMOST $100
mastersmattyFeb 28, 2007
OK, this is a common fallacy. The idea is that when the huge number of baby boomers retire that the market will then decrease in price in a very large way. The idea that these baby boomers who became able to retire thanks to the stock market would suddenly need or want to pull all of their money out of the machine that made them wealthy is absurd. What could they possibly need to buy that they would take out most or all of their money to buy? Stocks like real estate deeds are claims on real assets and income streams no more "just pieces of paper" than real estate deeds. Value and price, while highly correlated, are not the same thing. Imagine if the boomers had invested in real estate instead of stocks and that they were holding these real estate deeds in their 401k's. Why would they want to sell them as soon as they retire since the income and capital gains they receive from them continue to negate the amounts they draw off of their accounts? And , for the moment assume that they did for some reason decide that it was in their best interest to sell off the real estate. Wouldn't that mean that the real estate market would come crashing down or enter into a long term decline as people are predicting the stock market would do? No. Because in the real estate market, like the stock market value does not change just because someone wants to sell it...only the price that it is selling for and as such reasonable(or unreasonable people with sums of money) will purchase these land deeds(or stocks) when the value is more than the price that people are wanting to sell them for.
sakkFeb 28, 2007
I see someone put the blame on G.W already, how come no one has blamed Microsoft, or specifically Bill Gates for the downturn in the market?I'm losing faith in you guys...
jukinFeb 28, 2007
Worst loss in the Nasdaq occured under Clinton, not Bush. History ain't your strong point is it?
kagemushasdFeb 28, 2007
It started in China, because there was a 9% selloff on the Shanghai Composite Index.It wasn't because of fears of a slowdown of the Chinese Economy but simple a reaction to warnings of the Chinese lawmakers against the surging equity market. So technical it was a correction.Global markets followed because hell they knew what happened, but today it recovered because now they know what happened.China has become a big global player
Closed AccountFeb 28, 2007
'Chinese are saying "look what we can do"'Lighting money on fire is not an impressive feat. The whole episode is absurd to begin with. The Chinese market plunge erased *1 week* worth of gains. US investors should have welcomed it.
brundlefly76Feb 28, 2007
Buying opportunity
boshowMar 29, 2007
Don't worry, it'll only crash in 2010 when the capital gains tax will go up 5 points. Rich people don't like paying taxes either.