Wall Street set to follow global sell-off »
Posted By engineer 1 year, 1 month ago in Business & FinanceGlobal markets sold off. In Asia, the Nikkei 225 closed 4.25 percent lower. Europe's stock markets also declined, with the FTSE-100 down 3.32 percent, Germany's DAX down 5.72 percent, and France 's CAC-40 down 6.31 percent. And, major U.S. indexes were ready to follow suit. Dow Jones industrial average futures fell 264, or 2.61 percent, to 10,100. Standard & Poor's 500 index futures fell 29.60, or 2.66 percent, to 1,078.80, while Nasdaq 100 futures fell 35.50, or 2.40 percent, to 1,442.00.
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engineer
Hi
My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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canadianrancher571 year, 1 month ago
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I may at times take a simplistic look at things like economics and what I see now is a party that is coming to an end, we have those who what the party to continue buy buying more beer(banks suppling more money) and others who have decided to call it a night and go home(people settling for interest only). We will now go into the hangover period where people will lose their jobs, homes, and some of their savings, to me the hangover period is going to be difficult because we have all become to happy with the idea of a party.
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From the artical it stated that around the world reality is being felt and the hangover will affect all and so it should be since it has not just beenn the US who has partied.
I hope that the hangover does not last as long as in the 30's but I fear that it will. In the end we will get back to what makes an economy work and that is production not speculation
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