Your stock market can go to zero
By Matt Carter, Monday, September 29, 2008.Bookmarking Sites
"You tell me your precious markets will melt down without this? Why do I care? Your stock market can go to goddamn zero on Monday, and then you can come down here with me to find out how it feels not to be able pay the bills. More than half of Americans have no stake in these markets, no savings at all; and there is a political price to be paid for extreme inequality of income."
--Mortgage broker and syndicated columnist Lou Barnes on Friday, discussing the attitude many working class Americans have about the Bush administration's proposal to borrow $700 billion to buy troubled assets from banks and financial institutions.
The Dow fell nearly 800 points today after the House rejected legislation that would have implemented the plan (see Inman News story).
It was the biggest one day point drop in Dow history -- the index fell 685 points on the first trading day after the 9-11 attacks -- but the 7 percent decline didn't equal the 20 percent plus drops seen on "Black Monday" in October 1987 or the 1929 crash.
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Submitted by Christopher Kubler on September 29, 2008 - 4:12pm.
How will working class Americans feel when their ARM adjusts and they can't refinance? When their business shutters? It's so shortsighted.
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Submitted by J F Pardini on September 30, 2008 - 4:25pm.
How will this crisis affect Latin America?
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Submitted by ronny maxwell on June 4, 2009 - 8:20am.
Every stock market comes with a risk and every stock broker is aware of that, in fact the most challenging thing a broker must do is to minimize all the risks in every single transaction. Also not everyone can become a stock broker, it takes skills for that, I learned it myself from cfd providers.
Submitted by oliva barnand on July 21, 2009 - 2:30am.
Thank to God this not happened, please never say such horrible words about stock market because major economy depends on Stock Market now all hoping from Obama administrations.
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Submitted by Sunil Sahal on August 26, 2009 - 8:01pm.
Of course it can. It won't, but it's always theoretically possible that all stocks will become worthless. But like the other guy said, if that happens, that will be the absolute least of your problems. The world will be over if all stock markets go to zero. Everybody would be bankrupt because all corporations would be out of business, both public and private companies alike.
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Submitted by jorge hk on October 5, 2009 - 6:49am.
what is the difference between EQNR & EQTT type in trading the stocks in stock market?
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