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Jakarta - Wall Street stocks plunged very deep, more severe than the crisis of 2008. Country's stock market plunge was triggered by uncle sam never usainya European debt crisis and slowing global economic growth.
Attenuation that occurs in trading Friday round out the correction that has happened for the last five months. Correction ever suffered by Morgan Stanley shares slide a sharp downturn in European banks.
Not to mention the economic data from China that sparked a global economic slowdown. The S & P 500 has lost 14% in the third quarter, and more than 7% just in September alone.
"Why the market is very soft and weak? Since 08 (crisis of 2008) is still very fresh in everyone's memory," said Senior Broker at Knight Capital, Joseph Mazzella in Jersey City, New Jersey, as quoted by Reuters on Saturday (1 / 10 / 2011).
The market has been beaten by fears of a global economic slowdown as well as Greece's debt crisis that is expected to cause similar effects with Lehman Brothers in September 2008.
Investors fear that coupled with the announcement from China that the manufacturing sector declined in three consecutive months.
"The engines of economic growth (global) for this is China, and when to slow down, be very scary," he said.
Investors are now focused on the announcement of the inflation rate in China, a figure predicted to rise again in September.Disappointment it would be a crushing blow to the market.
Based financial stocks fall, led by Morgan Stanley shares, which fell 10.5% to as low as U.S. $ 13.51 on investor reaction to bad banking situation. Its shares lost three-year growth has been in a day.
In trading Friday, the Dow Jones index fell 240.60 points (2.16%) to a level of 10913.38. S & P 500 index fell 28.98 points (2.50%) to a level of 1131.42. The Nasdaq Composite Index terpleset 65.36 points (2.63%) to a level of 2415.40. source: detik.com
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Attenuation that occurs in trading Friday round out the correction that has happened for the last five months. Correction ever suffered by Morgan Stanley shares slide a sharp downturn in European banks.
Not to mention the economic data from China that sparked a global economic slowdown. The S & P 500 has lost 14% in the third quarter, and more than 7% just in September alone.
"Why the market is very soft and weak? Since 08 (crisis of 2008) is still very fresh in everyone's memory," said Senior Broker at Knight Capital, Joseph Mazzella in Jersey City, New Jersey, as quoted by Reuters on Saturday (1 / 10 / 2011).
The market has been beaten by fears of a global economic slowdown as well as Greece's debt crisis that is expected to cause similar effects with Lehman Brothers in September 2008.
Investors fear that coupled with the announcement from China that the manufacturing sector declined in three consecutive months.
"The engines of economic growth (global) for this is China, and when to slow down, be very scary," he said.
Investors are now focused on the announcement of the inflation rate in China, a figure predicted to rise again in September.Disappointment it would be a crushing blow to the market.
Based financial stocks fall, led by Morgan Stanley shares, which fell 10.5% to as low as U.S. $ 13.51 on investor reaction to bad banking situation. Its shares lost three-year growth has been in a day.
In trading Friday, the Dow Jones index fell 240.60 points (2.16%) to a level of 10913.38. S & P 500 index fell 28.98 points (2.50%) to a level of 1131.42. The Nasdaq Composite Index terpleset 65.36 points (2.63%) to a level of 2415.40. source: detik.com
please give me comments thanks
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