US share market drops...

New York Stock Exchange - The World's largest Stock Exchange by market capitalization. Wall Street, New York, United States of America
New Zealand
February 27, 2007 6:57pm CST
In the worst fall since 9/11 the New York Stock Exchange reported a drop of 416 points. http://www.nyse.com Are we seeing a global economic downturn beginning? Will unemployment Are you prepared? What can you do to prepare? Do share your thoughts.
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2 responses
pillusch
@pillusch (1147)
• Mexico
28 Feb 07
Stockbrokers all over the world base their buy/sell decisions only partially on objective economic data. You mentioned 9/11, which objectively didn't have anything to do with Microsoft's profits or General Motor's sales figures. But it had a huge psychological impact, and stocks fell. This is where we all come in, individually. If we all manage to stay positive (which, admittedly, ain't always easy) it will translate itself eventually into our economies. It's the general climate that affects stocks. So let's just keep smiling.
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perugu
@perugu (5279)
• India
28 Feb 07
hi,In our country also,there is drop in sensex of share market.But that will not effect normal people in any manner.
pillusch
@pillusch (1147)
• Mexico
28 Feb 07
I hate to correct you, but when the share market drops, everybody will be affected. Not immediately, but in the medium term, because interest rates go up, credit card payments become more expensive, inflation rises i.e consumer good prices go up, etc., etc. But again, I don't believe it will happen now. (And if so, keep smiling....)
1 person likes this