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I guess you don't check to much on other stock markets around the world.
THEY ARE ALL NERVOUS!
THEY ARE NERVOUS THAT REPUBLICANS WON'T APPROVE RAISING THE DEBT CEILING.
THE ARE NERVOUS ABOUT THE GREECE FISCAL CRISES!
THEY ARE NERVOUS THE ONGOING UNREST IN THE MIDDLE EAST
THEY ARE NERVOUS ABOUT THE IMPACT OF THE EARTHQUAKES, TSUNAUMI, AND NUCLEAR PLANT ACCIDENT ON THE JAPENESE ECONOMY.
THEY ARE NERVOUS ABOUT INFLATION IN CHINA AND IF THE GOVERNMENT'S POLICIES WILL BRING A "SOFT LANDING" OR A FAST SLOWDOWN.
The real action these days is in the international bond market. More money is moving as a risk aversion measure.
Musta missed this...
Quote:
Originally Posted by BentBow
The Dow fell 172 points, or 1.4 percent, to close at 11,952.
The S&P 500 index fell 18, or 1.4 percent, to 1,271. The Nasdaq dropped 41, or 1.5 percent, to 2,644. The Nasdaq has now given up all its gains for the year. The Dow is still up 3.2 percent for 2011 and the S&P 1.1 percent.
The losses were broad, with declines across all 10 of the S&P 500's industry groups.
Four stocks fell for every one that rose on the New York Stock Exchange. Trading volume was 3.9 billion shares.
Friday's plunge was the stock market's sixth straight weekly loss, the longest weekly losing streak since the fall of 2002. The market's last seven-week stretch of losses began in May 2001, as the dot-com bubble deflated.
Stocks have suffered this month after weak economic news dampened hopes for a speedy recovery. Traders fear that weaker hiring, industrial output, and a moribund housing market are reversing a bull market that has lifted the Dow 20 percent over the past year.
The Dow fell 172 points, or 1.4 percent, to close at 11,952.
The S&P 500 index fell 18, or 1.4 percent, to 1,271. The Nasdaq dropped 41, or 1.5 percent, to 2,644. The Nasdaq has now given up all its gains for the year. The Dow is still up 3.2 percent for 2011 and the S&P 1.1 percent.
The losses were broad, with declines across all 10 of the S&P 500's industry groups.
Four stocks fell for every one that rose on the New York Stock Exchange. Trading volume was 3.9 billion shares.
Friday's plunge was the stock market's sixth straight weekly loss, the longest weekly losing streak since the fall of 2002. The market's last seven-week stretch of losses began in May 2001, as the dot-com bubble deflated.
Stocks have suffered this month after weak economic news dampened hopes for a speedy recovery. Traders fear that weaker hiring, industrial output, and a moribund housing market are reversing a bull market that has lifted the Dow 20 percent over the past year.
Here's the same analysis on the Dow Jones Industrial Average, but covering a longer time frame:
The Dow Jones Industrial Average closed at 11,952 today, with a gain of 11,942 points since its inception on May 26, 1896 at an initial index value of 10. Analysts believe the ever increasing wealth, productivity and ingenuity of American people and companies, along with a dynamically growing economy and technological advances too numerous to mention, are responsible for the gain.
The gains are all the more remarkable, given that the market had to shake off two World Wars, half a dozen smaller conflicts, a depression, assassination of a president, and regularly recurring periods of recession. Periodic high interest rates, low interest rates, high inflation, deflation, complacency and panic all came into play, but eventally gave way to the inexorable rise.
Traders noted that it was not a steady rise, with about one year out of four producing losses. Volatility day to day, month to month, and year to year is expected to continue.
Wow, great source there. At no point does it ever say Americans, or companies, are taking money out of the US market because of nerves.
The OP asked a question.. If the source said they were taking money out of nerves, there wouldnt be a need to ask the already known..
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