Up and Down….
October 16, 2008 at 8:22 am | In Economia | Leave a CommentTags: Economy, Global economy, recession
I need to pay more attention to the markets. But life is getting in the way and the markets keep rallying and collapsing. The Dow is now well under 10,000. The Nikkei (Tokyo Stock Market) falling yesterday by more than 11%. Other loses include: South Korea (Down 9.25%), Hong Kong (Down 4.8%), Australia (Down 6.7%) and India (Down 4%).
http://www.msnbc.msn.com/id/27205974/
Rallies of over 100 points of the Dow should be exceptional, not the norm. Moving up 100+ points and then falling 100+ points indicate widespread uncertainty. And rallies/falls over a few bits of news is a lot worse.
Dow on Monday: Up 936
Dow on Wednesday: Down 733
Maybe it is time to suspend trading when falls are more than 5% or so. And with 300+ point moves looking like they are going to stay it may be time to just halt trading for a day or so. Time for a breather.
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