Sunday, August 7, 2011

Market collapse?

The Israeli stock market fell 7% in Sunday trading (they're closed on Friday and Saturday), but it's too early to tell if their reaction was to the US debt downgrade or the impending collapse of Italy. Asian markets will start Monday trading late Sunday US time and then we'll start to see how bad it really is.

[update] The European Central Bank has announced that they will buy government bonds as necessary, and this should placate market fears. Asian markets are down on the open but not any sort of panic, so far....

5 comments:

Anonymous said...

Heard about your Blog from Mike Malloy, you rock! Keep up the great work!

Tony said...

Um, can anyone say "called it?"

What a collapse it was, prairie!

There are a few dollars left in my 401k that the market pirates have not yet plundered. So I think we are still in for some more. It is a winner take all capitalist society, after all, isn't it?

Anonymous said...

You never say what you are doing with your money. If you have any. What are you doing to help produce jobs for those you claim to care so much about? There are those that talk/write and those that do.

prairie2 said...

An "Anonymous" (irony) comment poster says that I'm not forthcoming about what I do with my investments and makes assumptions from there and based on the fact that I can write, that I must not have money or create jobs. The fact that he thinks any of what he said makes the least bit of sense tells all.
'cause if he were rich, he'd side the the rich people and will now just in case he ever gets rich. I have enough money to be patriotic.

Tony said...

Hey Anonymous, why don't you tell me what all the rich folks sitting on their tax cuts are doing with their money and tell me about all the jobs they are creating.

Trickle down economics is a sham . . . more like "piss on the working man's head" economics.