Archive for October, 2011

Stock Markets go up on expectation

by jscreationzs

Earlier today it seemed as if the stock market would see another day in the red, adding to the losses it already incurred over the past few market days. But hopes for recapitalization of European banks allowed for a late day come back. Nothing official has been done yet, all that was announced is that financial leaders are working on it. So there you have it again, ‘hope’ and mentality can go a long way when it comes to the stock market’s status.

So the expectations of people regarding the European banking system has gone up. Everyone is expecting the banks to be recapitalized by whatever plans their financial leaders have in mind. Hopefully it works out for the best and everyone comes out of debt without a problem. This will definitely help Greece out as well and if everything goes to plan, we could be out of the recession soon.

The Dow Jones today was losing earlier. But at the end of the market day, the Dow saw a gain of more than 153 points, finishing off at 10,808. We are still a few hundred points from the 11,000 mark that we left behind in the past few market days. Today was definitely a good turnout for the Dow.

The NASDAQ Composite saw a gain of almost 69 points or almost 3%, finishing off at 2,404 points. The S&P 500 saw a gain of more than 24 points, finishing off at 1,123, once again over the 1,100 mark. And the NYSE gained more than 148 points finishing off at 6,722.

Most stocks saw gains today however a few did lose. Eastman Kodak (EK) saw a loss of more than 16% or $0.22 per share. It wasn’t a huge drop but as expected, yesterday’s increase of more than 71% gave investors a good opportunity to sell with a big profit. This definitely does not mean that Kodak is out of trouble yet. They still have tons of work to do and if they can find a decent amount of investors, I am sure they will be able to get out of their financial crisis without a problem.

Today was a good turnout at the end of the market day. I am glad to see things bounce back at the end. The market may have seen even bigger increases if the news about Europe’s banks came in earlier. It definitely would have had more time to go up in value. ┬áBut I’m not complaining, at least some good news came.

There are still three days left for the market week. What do you think will happen to the stock market? Do you think it will keep going up? Or drop like it did last week?

Today was not a very good day for the stock market. Today was the official first day of the last quarter of 2011 and we started out in the red. It added to the losses we already experienced at the end of the last quarter (just 3 days ago).

Most of what we have seen today is due to worries from Greece again. It’s kind of amazing how volatile the market has been all because of speculation about how Greece is doing with their economy. We still haven’t received anything solid but investors are selling and buying based on what they think, or feel, will happen with Greece. If they believe that Greece will come out of it soon and have a steady economy again, the markets are likely to rally. If they believe Greece is close to defaulting, then everything will plunge. Most of the rallies and plunges over the past few weeks have been revolving around Greece and its issues.

Today, the Dow Jones fell more than 258 points. It finished at 10,655 points. We are very far from our 12,000 point mark. I do hope that we can get back over the 11,000 mark soon.

The NASDAQ Composite lost more than 79 points or almost 3.3%. The NASDAQ finished off at 2,335. The S&P 500 fell more than 32 points or 2.85% finishing off at 1,099. And finally, the NYSE dropped more than 217 points or a 3.2% drop, finishing off at 6,574 points.

On Friday, we saw Eastman Kodak (EK) plummet to $0.78 per share. Today they bounced back gaining more than 71%. Currently, Eastman Kodak sits at $1.34 per share after an increase of more than $0.56.

This may mean that Kodak may be bouncing back, but it could also be investors jumping on the opportunity to buy a stock at an extremely low price. Remember that at one point, Kodak stocks were worth over $80 a share. If things look better for Kodak again, these investors will be very happy. But it’s still very volatile, nothing dramatic has happened to help Kodak out of its financial crisis. Any investment now would still be considered very risky. Any stock that gains so much in a short period of time is always in danger of dropping even more the days following from massive sellouts of investors cashing in on their profits.

Today was not a good day for the stock market. Tomorrow will hopefully be better. We are at a very low point in the market and the new from Greece definitely isn’t helping. I hope that everything turns around for the rest of the week and we head back over the 11,000 mark. I also hope that what Eastman Kodak saw today wasn’t just investors buying the stock low, I hope it keeps increasing because Kodak could sure use a surge in investors right about now.

Share your thoughts on the plunge today and what you think will happen with Kodak stocks in the coming days and weeks.