How about that Dow

[dat shit cray]

Originally Posted by Hey Little Boy

Unfortunately due to the falling value of the dollar it's hard to even do that.

Huh?


Even though the EU is not our largest trade partner, a lot of people like to use them as a benchmark for the US dollar's value. 1.6 USD per Euro down to 1.35 USD per Euro in the past 5 months? That doesn't look like falling to me. Granted, we've been a lot lower (around 1.15 USD per Euro in 2004), but the EU is facing a similar housing crisis to us, we just go about monetary policy in different ways. They are very hawkish against inflation, so they have been battling the rising price of gas by holding higher interest rates, as we proactively lowered interest rates rapidly. Still, I would expect our currency to gain back some more ground against the Euro after this is said and done.


Canada is our largest trade partner, and in this case, you probably have a point. Exchange rates are way up from what they were in 2004. However, this credit crunch is a global problem, and Canada isn't going to be impervious to its effects either.


Mexico is our third largest trade partner, and the current exchange rates are pretty much at the level they were about 4 years ago. A little higher.

Things look dismal right now, but the strength of the dollar is not that pressing of an issue atm. Btw all of those graphs are in terms of other currencies vs the dollar, so the value of the dollar is actually moving the opposite direction of the line on the graph.

[ranatalus]

yeah i was slightly confused haha

[squeethehobo]

Hey Vegeta, what does the scouter say about the Dow Jones Industrial Average?

Its UNDER 9000!

[Geschpooklichkeit]

I swear, if you say the opposite of that when the Dow turns around...

[Heavy Metal Hero]

Originally Posted by squeethehobo

Hey Vegeta, what does the scouter say about the Dow Jones Industrial Average?

Its UNDER 9000!

please leave the internet.

thank you.

[Fred 00]

you can't spell down without dow

[Blackraven]

Originally Posted by Fred 00

you can't spell down without dow

LMAO

In all seriousness though

As we all know, stocks are down everywhere.

Nasdaq also seems gloomy, Frankfurt Dax also on a downturn (as Chancellor Angela Merkel plans to rescue Germany's biggest financial institution), CAC not looking good, FTSE 100 shares plummeting like a rock (after RBS stated that they are inching closer to bankruptcy), Hang Seng also fell, Nikkei 225 announced a 10% drop from their highest level and are now in sub 10k point territory, STI also suffering some setbacks and KOSPI going down. Shares of OMX stock indices in the Baltic and Noridc areas of Europe are battered.

Simply disastrous.

Even after the G7 meeting and G20 meeting of economic and finance officials, the current markets are in a state of disarray.

When will this ever end?

[ranatalus]

today all the US markets are up around 8% each; stuff is going to be volatile for a while

[m335h73r of PBJ]

the next 18 months, awhile.

[kimcicle]

18 months?

I'm betting that we won't be anywhere near recovered for at least 3 years.

[Blackraven]

DJIA is up

And this has led to positive effects world wide (from Nikkei 225, Frankfurt DAX, Taiwan Weighted New Composite Index, KOSPI, etc.)

Finally after days and weeks of downfall, this day brought highly positive upturn.

This is positive news indeed

Of course though

This is just one day (and the markets could follow a different behavior tomorrow and in succeeding days).

Let's just hope that things start turning positive this time around (hopefully)

Nevertheless, this is indeed a start

[DeusExMachina]

Originally Posted by Blackraven

DJIA is up

And this has led to positive effects world wide (from Nikkei 225, Frankfurt DAX, Taiwan Weighted New Composite Index, KOSPI, etc.)

Finally after days and weeks of downfall, this day brought highly positive upturn.

This is positive news indeed

Of course though

This is just one day (and the markets could follow a different behavior tomorrow and in succeeding days).

Let's just hope that things start turning positive this time around (hopefully)

Nevertheless, this is indeed a start

I dunno about positive outlook. Most people are just going to use this opportunity to cash out. Which will set us back to where we were a few days ago. I think the market is too susceptible to presidential influence atm as well. Plus the gov had to pull money out to fund their campaigns (I am guessing not a lot of people check the box on ur 1040 form where it says "would you like to donate 3 dollars to the presidential campaign?") I think start Jan-Feb next year the presidential influence on the market should diminish and that might be a good time to get back in. I don't see the dow hitting 14000 within 2 years though. Just my 0.02

[Blackraven]

Originally Posted by DeusExMachina

I dunno about positive outlook. Most people are just going to use this opportunity to cash out. Which will set us back to where we were a few days ago. I think the market is too susceptible to presidential influence atm as well. Plus the gov had to pull money out to fund their campaigns (I am guessing not a lot of people check the box on ur 1040 form where it says "would you like to donate 3 dollars to the presidential campaign?") I think start Jan-Feb next year the presidential influence on the market should diminish and that might be a good time to get back in. I don't see the dow hitting 14000 within 2 years though. Just my 0.02

Well you do have a valid point on that.

Granted, even with today's gain, there is still a lot of lost ground to make up for.

Strangely enough

Ireland announced a few days ago that they were already in a recession (which was strange as they were considered as one of the top 5 fastest growing economies in Western Europe)

No matter

This positive boost in the global markets today is indeed a welcome..........and it serves as a breather (after days and weeks of continuous downturns)

Just my two cents

[dat shit cray]

Originally Posted by Blackraven

Ireland announced a few days ago that they were already in a recession (which was strange as they were considered as one of the top 5 fastest growing economies in Western Europe)

Recessions are generally declared after the fact.

[Blackraven]

Originally Posted by PSYCHO KILLER

Recessions are generally declared after the fact.

Well yeah good point.

Anyhow

Stocks are down again (due to speculation of risk)

I guess it obviously shows the volatility of global markets to these kinds of things.