Raven Purl: The stock market is down right now. World markets are down in general. I suggest that you follow the market and the sectors more closely, day by day. One good resource is http://www.federalreserve.ws which contains a lot of information about markets, economics, and finance.
Tawny Grosskreutz: Is your head in the sand...It's been tanking...however for anyone that has followed closely enough it's been in a trading range of 11500-14000 on the dow for the past several years now...Should this current trend take it below 11500 than there's a good chance that it'll collapse entirely. PEACE!
Sharie Sommerville: Its very simple.The stock markets, futures markets and securities markets are all suffering losses.This is due in part in a slow-down in consumer spending and demand.Since the US purchases goods largely manufactured in Asia, the slowdown in consumer demand and spending equates to lowered factory orders, lowered output, potential large-scale unemplo! yment and downgrading of both credit ratings for producers and those who finance producers.The net impact of the economic slowdown in the US means as we sneeze, the world catches a cold (as they have said for many years).The real problem here is that we import more goods and services than we export.Think of it this way. 50 years ago the US produced roughly 90 percent of all of the goods and services consumed around the world. We were a "net exporter".We also produced as much if not more oil than we consumed.Since then, with the rising standard of living came a dramatic increase in the cost of living, which meant higher wages for domestic factory workers. This made it cheaper to manufacture goods in the third world and in Japan, Taiwan, Singapore, etc.So we exported both our production capacity and the consequent technology necessary to carry out production.This allowed foreign countries with a cheap labor force to compete with domestic producers. Hence we began sending our ! money overseas to get finished goods. Short term profits were ! high for producers who exported production overseas and imported finished goods.However, over the long-term, it weakened the value of the dollar against foreign currencies.Today we produce a fraction of what we did 50 years ago, we are a gross importer. Thus if we stop consuming foreign made goods, then those foreign producers have to cut back both production and their work-force. This slows their economies down. Investors pull their money out of those newly-realized risks and put them in other long-term investments elsewhere, whether its prescious metals, oil futures, pork bellies, or government or municipal bonds.Essentially we as a nation specialize in making money out of nothing more than money. We don't produce nearly enough to offset all of the debt we've financed through the government, state and municipal bond markets.Those people who underwrite foreign investments in those bond markets are now being downgraded due to the twin horns of a market slow-down and excessi! ve debt.Therefore, everything is being devalued. There is, in fact, a deflation going on in the investment markets though there is an inflation in cost of living.To finalize this, its easy. We're screwed. And so are the world financial markets. Greed is not good.There you have it. The stock market "nowaday" not do good....Show more
Elmo Tervo: We are in a 'bear market'. A slowing U.S. economy and unstable global economy has slowed the market
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