MikesVikes Posted June 19, 2008 Share Posted June 19, 2008 The Dow was over 14k earlier this year and now it's teetering on the 12k mark. Do you think it will go lower and how much lower? Some Huddlers were talking about foreign markets and why do you think that is more stable than the US market? Have foreign markets been hit harder and have more ground to gain back or what? Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted June 19, 2008 Share Posted June 19, 2008 The Dow was over 14k earlier this year and now it's teetering on the 12k mark. Do you think it will go lower and how much lower? Some Huddlers were talking about foreign markets and why do you think that is more stable than the US market? Have foreign markets been hit harder and have more ground to gain back or what? I have a foreign stock fund in my 401k and it went in the crapper yesterday just like all the American ones. Quote Link to comment Share on other sites More sharing options...
MrTed46 Posted June 19, 2008 Share Posted June 19, 2008 The Dow was over 14k earlier this year and now it's teetering on the 12k mark. Do you think it will go lower and how much lower? Some Huddlers were talking about foreign markets and why do you think that is more stable than the US market? Have foreign markets been hit harder and have more ground to gain back or what? I think we are near the bottom Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted June 19, 2008 Share Posted June 19, 2008 (edited) The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. "A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist. A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets. this was from yesterday...... http://www.telegraph.co.uk/money/main.jhtm...18/cnrbs118.xml Edited June 19, 2008 by dmarc117 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.