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From: A Jones
Are we entering a point where stockmarket falls could impact heavily on the real economy (particularly in the US)?
Instead of a shift out of the stockmarket and into property (as in 1987-1988)could we be looking at a period of falling business confidence, lower economic activity and falling property prices?
"The Dow Jones industrial average fell
390.23-points overnight (Friday night Australian time), or 4.64 percent, to 8,019.26, the seventh largest point decline in the average's history and the lowest close since October, 1998.
The Nasdaq composite fell 37.90 points, or 2.79 percent, to 1,319.05 and the Standard & Poor's 500 dropped 33.30 points, or 3.78 percent, to 848.26."
Are we entering a point where stockmarket falls could impact heavily on the real economy (particularly in the US)?
Instead of a shift out of the stockmarket and into property (as in 1987-1988)could we be looking at a period of falling business confidence, lower economic activity and falling property prices?
"The Dow Jones industrial average fell
390.23-points overnight (Friday night Australian time), or 4.64 percent, to 8,019.26, the seventh largest point decline in the average's history and the lowest close since October, 1998.
The Nasdaq composite fell 37.90 points, or 2.79 percent, to 1,319.05 and the Standard & Poor's 500 dropped 33.30 points, or 3.78 percent, to 848.26."
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