Do you think the stock market is going to crash tomorrow?
Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession. U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week's market declines there circled through Europe, Asia and the Americas. Britain's benchmark FTSE-100 slumped 5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15, and Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19. In Asia, India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks.
Public Comments
- With the big drop in U.S. stock futures, it is highly likely that the U.S. stock market will open significantly lower tomorrow.
- No not right now, but maybe in about 20 years./
- Unless the feds announce an emergency rate cut of at least .5%, the US stock markets will go down sharply tomorrow, although I don't expect a "crash" as such. More like 2-5%, depending on where the world markets end today. The market is still waiting on the release of lot of important economic information, earnings, unemployment, inflation, and etc.
- it did in india today
- There is a lot going on in the market, but a crash is not likely. It will be a bear market for awhile still until it establishes a bottom and buyers start coming back in. It is already showing signs of a turn around but I wouldn't be a buyer just yet. Hold back and keep your money at the ready because it will be a feeding frenzy when the buying starts.
- I for one am not worried about it, since I have nothing invested.
- The markets will probably keep falling tomorrow. (''objects in motion stay in motion'') This isn't a bad thing. Right now you can make a lot of money shorting stocks. You just need a system and need to learn some basic rules. This is a good website that can teach you a lot about making money in the markets.
- It has been a blood bath in UK and the rest of the world today. The depression has started. Put your life belt on, take a deep breath and jump. We have to live in the capitalist system imposed by your president, or we get bombed. Anyone who dares try a different system is declared a commie or a dictatorship or a terrorist.
- Let me flip a coin
- Sure, just "flip a coin," but it looks like the crash is already in place. It depends on your definition of a "crash." One week ago, the Dow stood at about 12,800. The Dow futures are below 11,600 right now, down 600 pts overnight, which is greater than a 10% decline in one week. Generally, a "crash" is a double-digit decline in a short period of time, but usually just a day or two or three, with some sort of panic setting in. Tomorrow morning, with a 650 pt drop in the Dow already in place, everyone is going to see another 5% or so taken out of their accounts in one fell swoop. The question is, will they panic?
- Unlikely. The world markets will follow us and we don't always follow them. There is no panic right now, only by the media. We are not in recession to panic and we are at the beginning of it. The measures the FED takes will boost economy. Come on we have been in these situations and we rebound stronger than ever. JUst chill out and we may see little bit intial drop and hen we will rebound to the closing, in my view.
- -------------------------------------------------------------------------- Chance the Gardener: As long as the roots are not severed, all is well. And all will be well in the garden. President "Bobby": In the garden. Chance the Gardener: Yes. In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again. President "Bobby": Spring and summer. Chance the Gardener: Yes. President "Bobby": Then fall and winter. Chance the Gardener: Yes. Benjamin Rand: I think what our insightful young friend is saying is that we welcome the inevitable seasons of nature, but we're upset by the seasons of our economy. Chance the Gardener: Yes! There will be growth in the spring! Benjamin Rand: Hmm! Chance the Gardener: Hmm! President "Bobby": Hm. Well, Mr. Gardner, I must admit that is one of the most refreshing and optimistic statements I've heard in a very, very long time. [Benjamin Rand applauds] President "Bobby": I admire your good, solid sense. That's precisely what we lack on Capitol Hill.
- "decline" not "crash". The bargain hunters will be out in force too.
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