Tag Archive: debt crisis

General Stock Market Graph

by Vlado

Today was the third consecutive day the Stock market has seen gains. Today was another rally for the market as investors are hopeful that the worries in Greece will come to an end soon. The keyword there is ‘hopeful.’ Kind of scary isn’t it? Our entire global economy seems to be riding on hope.

The Greece issue has been in the news for weeks and nothing conclusive has been said besides the fact that Greece may be nearing default soon. But other than that, nothing really happened. We don’t know how the talks are going or what’s exactly happening, nothing is concluded but yet, worries have risen several times, as well as hope has risen. I don’t know about you, but I wouldn’t really count ‘hope’ or ‘worry’ to be factors in deciding how our market runs. But apparently, that’s what seems to be happening. When people are hopeful, the stock market rises, and when they are worried, everything sinks several hundred points.

The Dow Jones today was on the good side today, seeing a gain of over 146 points, falling just 10 points short of the 11,200 mark AGAIN. We have seen that mark several times and it seems every time it tries to head for the 12,000 mark, ‘worries’ about Europe increases and the stocks plummet.

The NASDAQ Composite gained just over 30 points. The S&P 500 gained just over 12 points. And the NYSE gained over a 102 points, going over the 7,000 mark once again (7,043 to be exact).

The official news for now is that Greece is close to finding a way out of its debt crisis. Hopefully it’s true. There is that word again, hope. I do hope a lot when it comes to the stock market but it’s usually always hope. I don’t sell all my stocks when I ‘feel’ that something bad is going to happen in Europe and I don’t buy mass amounts of stocks when I ‘feel’ everything will rise. Sometimes it feels as if some people are just manipulating the news to keep the markets very volatile for their own profits. But of course, proving it is another thing. For now, I am thankful that everything is on the positive end.

So what’s going on with Gold?

Gold seems to be acting a little weird. It has been going down when the stock market plummets and today it actually went up with the stock market’s rally. It is unusual but not too much. Current price of gold is $1,654. Just over $30 more than what it was yesterday. Gold was almost $1,600 an ounce today, a price we haven’t seen in some time. But I have no doubt that it will once again see that price, and go even lower. I think investors should stop investing in commodities like Gold and Silver and start investing in businesses and encourage job growth. That’s where they should see bigger returns.

Today was a good day for the Stock Market. Lets hope it keeps up for the rest of the week. We still have to bounce back to where we were early last week, we’re still a few hundred points below the level.

European Leaders Promise to Help Greece

by jscreationzs

The biggest challenge for the stock market recently has been the debt crisis in Europe, more particularly, Greece. Greece has had issues with their debt for some time but recently, they have been in real trouble. Their economy was on the verge of complete collapse and if that happened, it would have sent a shockwave through the global economy causing havoc along its entire path.

Thankfully, other European Leaders have stepped up. They have promised to help Greece with its debt situation and avoid default. This obviously was great news and this resulted in the stock market rallying all around the world. We saw huge gains here in the US Markets which makes today the third day in a row where the stock market has been positive. Best of all, the upward trend of the stock market this week has been slow and steady which makes the likeliness that it will come crashing down just as quickly far less. But of course, anything can happen. If for some reason another country in Europe or Asia declares money trouble, it’ll send a negative shockwave through the global economy again.

Today the Dow Jones gained more than 140 points finishing near 11,250. It’s getting closer to the 12,00 mark once again, and lets hope that this trend continues because we can’t afford another mini-collapse any time soon.

The NASDAQ Composite gained more than 40 points finishing at 2,572. The S&P 500 gained almost 16 points, finishing at more than 1,188. And the NYSE gained more than 89 points, just one point short of the 7,200 mark.

The good news about Greece and the help that it’s getting has helped the European markets as well. I don’t normally report European Market results because I don’t follow them, but as reported by Yahoo! Finance, the Germany’s DAX gained 3.4% and France’s CAC-40 gained almost 2%. That’s great news for Europe.

There are still two more days left for the end of the Market Week and anything can still happen. After all, the mentality of the consumers and investors can have a great deal of impact on the stock market. If we can keep believing that the economy is recovering faster than what others are saying, then we can actually help it recover faster. We need investors to invest in actual businesses rather than commodities like Gold (which by the way hasn’t broken any records since the last time I mentioned it).

Right now, I think we’re on a good path. If we can all keep it up, we’ll be on our way out of the little recession we have seen over the past few years. Lets hope for more good news in the near future!

What do you think about the help that Greece is being promised by its European Allies? Do you think that it will actually help or make things worse?

Stocks See Another Day Of Green

Enough momentum carried over from yesterday’s late day revival of the Stock Market to today. The market was in the green most of the day today, although earlier we did see them go red when worries about Europe refused to go down. Even with the green all over the place, we didn’t see very significant gains.

The Dow Jones only rose 44 points today taking it over the 11,100 mark. Even though the race to the 12,000 mark isn’t very quick, I would rather go slow and steady towards the goal rather than go up a few hundred points in a single day just to have the market plummet the next day. We have seen plenty of these situations in the past few months.

The NASDAQ Composite increased more than 37 points, finishing at just over 2,532. The S&P 500 gained almost 11 points and currently stands at 1,172. The NYSE saw the most gains today with a gain of almost 63 points, allowing it to go over the 7,100 mark. The NYSE yesterday saw a gain of only over 2 points, I guess today made up for that.

The worries over Europe’s debt crisis isn’t over. But investors and consumers are feeling a little better about the situation and they believe that things will get better.  Because the crisis isn’t over, it resulted in the choppy trading that we saw today. As I said before, the mentality of consumers and investors can play a big role.

Nothing very exciting happened today. I’m just glad that some of the momentum from yesterday was carried over to today. We also need to keep a positive outlook for the future. Our mentality can affect the stock market and the entire global economy more than we think. It may seem like a children’s story where if you believe it, it’s true, but it does work in the real world, at least dealing with the stock market.

We will have to wait and see what happens tomorrow and for the rest of the week. Will we be able to stay in the green zone tomorrow too? Or will everything bounce back to the red?

Market finishes positive before it closes

by jscreationzs

The stock market had a bad opener this morning. It looked like today would be another day, the third market day in a row, where we would see a drop in the stock market. People were still worried about the bad news coming out of Europe and they feared the worst for Europe’s debt crisis.

Thankfully the worries have calmed down, for now at least. It has decreased the losses we have experienced recently and hopefully the worries keep going down. As I mentioned before, the mentality of investors can sway an entire market up or down just based on what they believe will happen. Right now, investors see a brighter future for Europe so the Global Economy is reaping the benefits.

We didn’t see huge gains in the market because all of the green came later in the market day. I actually didn’t even pay attention to the market for a good portion of the day because I was busy. When I first looked at the market, it was about 11am and the market was going down and it looked like it’ll keep going down due to fears about Europe. Then I come back at around 5PM (an hour after the market closes), and everything is in the green. It definitely surprised me, a good surprise.

The Dow Jones Gained almost 69 Points or just 0.6%. It wasn’t a huge gain but it was enough to get us past the 11,000 mark once again.  The lead isn’t that big, we need to keep seeing rises in the markets over the next few days to keep over the 11,000 mark and aim for the magic 12,000. Will it happen soon? Maybe, there is no way to predict which way the markets will go with the current level of volatility.

The NASDAQ Composite gamed over 27 points or just over 1%. It’s 5 points short of the 2,500 mark. The S&P 500 increased more than 8 points or 0.7%. And the NYSE barely saw an increase. It only rose just over 2 points, not even a tenth of a percent.

Today was not the best day for the stock market, but I’m glad the markets closed on a positive note. Let’s hope the good news keeps coming in. If President Obama’s stimulus proposal is passed by Congress, I’m sure we can see a rally by the stock market. And I also hope that if the package is passed, that it actually solves our problem rather than put another $450 billion hole in our already massive hole.

We’ll have to see how the market does for the rest of the week. Today was definitely shaky but it was a win nonetheless.