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|  | | |  | World Markets TumbleThis is a discussion on World Markets Tumble within the Chit Chat forums, part of the The Lounge category; The US financial markets have tumbled again today in a fall thats biggest ever the histor of the Dow after ... | | |  | |  |
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10 Oct 08, 07:53 PM
 | ***** | | | |
Rep Power: 61 Nickels: 19,730.00 Bank: 0.00 | |  World Markets Tumble
The US financial markets have tumbled again today in a fall thats biggest ever the histor of the Dow after 2003. The Dow Jones industrial average (INDU) was down 40 points in the early going after having fallen nearly 700 points. The Standard & Poor's 500 (SPX) index was down modestly and the Nasdaq composite (COMP) rose.
U.S. markets took a beating Thursday, with the Dow industrials plunging nearly 700 points to a five-year low, as panicked investors dumped stocks. This is in the backdrop of the big fall we had yesterday and todays meltdown in Europe and not to forget our own India. European markets got off to a terrible start. Within the first 10 minutes of trading, London's FTSE, the CAC in Paris and the XETRA DAX in Frankfurt, Germany, had all sloughed off about 10% of their values.
European markets recovered some, but all were down generally 6% to 10% by late morning.
Russia's volatile stock markets were closed on Friday. Government financial officials suspended them before trading was scheduled to open, according to the Russian Trading System. The markets will remain closed until further notice. Today's happenings is a developing story, track it here: CNNMoney.com Pre-Market Report - Oct. 10, 2008
Sad days ahead. I am sure BSE is going to fall below 10k. Lets hope the idiots at ICICI don't have any more exposures. Its been taking a tumble  ---------------------------------------------- |
10 Oct 08, 07:56 PM
 | FE Prodigy | | |
Rep Power: 12 Nickels: 752.00 Bank: 4,817.56 | |  Re: World Markets Tumble
OMG.............
the BSE is gonna below 10k for sure!!!
the rise in BSE was due to foreign investors and now they are pulling their money out............which is gonna worsen the situation.
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10 Oct 08, 08:19 PM
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Rep Power: 12 Nickels: 4,772.00 Bank: 0.00 | | Re: World Markets Tumble
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10 Oct 08, 09:46 PM
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Rep Power: 61 Nickels: 19,730.00 Bank: 0.00 | | Re: World Markets Tumble
^^ No need to get disheartened just yet. Infy has come with better than expected numbers today although with a warning for future.
Imo all this will have an impact on recruitment, lets hope its not a big impact.
_______________________________________ Safin's Signature: Have Fun, Take part in debates, Read jokes, Ogle at Celebs; Just follow the Rules! “There is no pleasure in having nothing to do; the fun is having lots to do and not doing it.” |
10 Oct 08, 10:24 PM
 | "Nothing exists" | | |
Rep Power: 55 Nickels: 2,888.40 Bank: 27,906.77 | | Re: World Markets Tumble
OMG! Blood bath 
I just hope the ones losing money still keep their dreams and hopes alive. It happens once in a while. But seriously, things are looking pathetic in US too.
Even google has started to fire ppl 
_______________________________________ Agnel's Signature:  The optimist proclaims that we live in the best of all possible worlds;
and the pessimist fears this is true  |
10 Oct 08, 10:27 PM
 | Der Steppenwolf | | |
Rep Power: 17 Nickels: 1,014.20 Bank: 3,462.97 | | Re: World Markets Tumble
This is some good news, indeed. 
This hollow, shabby and totally artificial economic system must go - forever. The unsinkable ship of capitalism is going down. Time to celebrate. 
_______________________________________ Yamaraj's Signature: Profanity is the last bastion of desperately inarticulate motherfsckers. |
10 Oct 08, 10:34 PM
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Rep Power: 61 Nickels: 19,730.00 Bank: 0.00 | | Re: World Markets Tumble
Originally Posted by Yamaraj  This is some good news, indeed.
This hollow, shabby and totally artificial economic system must go - forever. The unsinkable ship of capitalism is going down. Time to celebrate.  Don't say that too loud or you gonna have to spend all the rest of your days locked in sauna Even google has started to fire ppl Really? You mean that?
_______________________________________ Safin's Signature: Have Fun, Take part in debates, Read jokes, Ogle at Celebs; Just follow the Rules! “There is no pleasure in having nothing to do; the fun is having lots to do and not doing it.” |
10 Oct 08, 10:35 PM
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Rep Power: 55 Nickels: 2,888.40 Bank: 27,906.77 | | Re: World Markets Tumble
Capitalism helps a few, not everyone. I agree. But what otherwise if not for capitalism?
I am not good at this topic, so I'd be humble to learn from your views
_______________________________________ Agnel's Signature: The optimist proclaims that we live in the best of all possible worlds;
and the pessimist fears this is true |
10 Oct 08, 10:39 PM
| "Nothing exists" | | |
Rep Power: 55 Nickels: 2,888.40 Bank: 27,906.77 | | Re: World Markets Tumble
Originally Posted by Agnel Even google has started to fire ppl Originally Posted by Safin Really? You mean that? Yes. My friend's friend was getting engaged, got a car, a house and one monday he gets the pink slip, "Project over, thanks for your effort"
I can't confirm, but he is a reliable source
My friend in CISCO was offered a job 2 weeks back. 2 days ago, their entire Business Unit got scrapped.
ANYTHING CAN HAPPEN 
_______________________________________ Agnel's Signature: The optimist proclaims that we live in the best of all possible worlds;
and the pessimist fears this is true |
10 Oct 08, 10:43 PM
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Rep Power: 61 Nickels: 19,730.00 Bank: 0.00 | | Re: World Markets Tumble
My friend in CISCO was offered a job 2 weeks back. 2 days ago, their entire Business Unit got scrapped. omg.. that would be too much
_______________________________________ Safin's Signature: Have Fun, Take part in debates, Read jokes, Ogle at Celebs; Just follow the Rules! “There is no pleasure in having nothing to do; the fun is having lots to do and not doing it.” |  | |
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