Tag Archive: Greece

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.  But 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.

 

Stock Market Rebounding after last week's huge plummet

by jscreationzs

The stock market saw a horrible week last week. This week started with the stock market rebounding back with a huge rally. Almost every stock saw gains (although there were a few exceptions) after mentality about the crisis in Europe changes. Again…the mentality changed.

Investors are hopeful that the rest of Europe will be able to help Greece get out of its current state, which is almost near defaulting. Although nothing drastic has happened, the way investors and consumers are looking at this has changed. I have predicted several times that this will happen over and over. The stock market will remain very volatile as long as the issue in Greece remains unsolved one way or the other. In the meantime, the stock market will go up and down because investors will think that Greece will either Default or come out of it without a problem.

The Dow Jones saw a huge rally today with a gain of over 272 points. It has once again gone over the 11,000 mark but it’s still quite a distance from our aim of 12,000 points. I still believe that it can happen this year again. Remember, the Dow Jones almost reached 13,000 points earlier this year, that can still happen in 2011, well I’m hopeful at least.

The NASDAQ Composite gained over 33 points finishing at over 2,516 points. The S&P 500 also saw a gain of over 2.3% or 26.5 points finishing at 1,162. And the NYSE gained over 170 points finishing at 6,940. The NYSE still has to catch up and go over the 7,000 mark which it could do very soon.

The market is still very volatile. Nothing guarantees that the momentum from today will carry over to tomorrow. We may or may not see another rally. Of course, we may or may not see another plummet. We have seen situations like this several times in the past few months alone where the stock market plummeted after a rally like we saw today. Hopefully it doesn’t happen. I hope that good news, actual good news, comes out of Greece soon so that we can put this mini recession behind us and move on. We have been in this slump for longer than I want to stay in any slump.

The Gold has seen another drop since I last reported it on Friday. Currently, gold costs $1,623 an ounce. About $19 less than what it was just three days ago. Will the price of gold keep going down?

Maybe. I did say that the massive increase in gold price in a short period of time this year could have been just a bubble. Many people on TV, the internet, and in many other places would agree. The price of gold is almost $300 what it was just a few weeks ago and it has been keep going down. It even went down in last week’s massive drop in the stock market, when normally the price of gold would increase.

I think the overall price of gold will continue to drop as the year draws to an end. Gold price spiked too much in too little time and now it’s slowly deflating. It could still spike up just as quickly but hopefully it won’t because gold tends to reflect how the economy is doing and cheaper gold usually means more people are investing in other things that are helping the economy. Right now I think gold needs to drop more and things like the Employment Rate needs to increase.

What do you think will happen in the coming week to the stock market? Will the rally keep up? Or hit the ceiling and bounce back down?

Unfortunately, the momentum from last week’s stock market rally did not carry over to this week. We start this week in the red after the stock market dives almost everywhere.  The dive comes after worries about Greece reemerges as people speculate that Greece will default. If they default, they will stop all payments to their lenders and stop making bond payments. It will hurt banks and it will send a shockwave throughout the Global Economy and we can most definitely look to seeing it in the US Markets.

I am hoping that this doesn’t happen because if it does, it’ll undo everything good that we have experienced last week (and perhaps more). The last thing we need right now is a country defaulting and sending stocks around the globe plummeting.

As for today, the Dow Jones dropped more than 108 points, sticking just over the 11,400 mark. The NASDAQ Composite dropped less than 10 points. You may think it’s not so bad, but it still dropped. The S&P 500 dropped almost 12 points while the NYSE dropped more than 113 points.

Today definitely was not a good day for the market, but we have seen worse. The markets were really down earlier today but the fact that it bounced back up a little shows that investors haven’t lost complete faith in Greece or the global economy. I believe that things will bounce back up. Like always, the market will fluctuate, there isn’t much that we can do, we can only try to predict but that’s harder than it sounds.

Out of the stocks hit hardest, the banking sector took a big hit today. Citigroup (C) dropped $1.28 per share or more than 4.4%. Bank of America (BAC) Dropped $0.24 or about 3.3%. JP Morgan Chase dropped more than 2.8% or $0.94 per share. The banking sector last week saw big gains and a lot of it has been undone in today’s fall. But not to worry, things will go back up as investors use this opportunity to buy low in order to sell high later in the future.

So What is Qwikster?

The Title asks the Question, what’s Qwikster?  Sounds like a service my Internet Service Provider provides that gives a speed boost. But no, it’s not that. Qwikster is Netflix’s (NFLX) new thing. Netflix earlier announced that they will be splitting up their service. Currently, you can stream movies over the internet and order DVDs by mail on the same plan. But now, you have to get them separately. If you only want DVD service, that’s when you go with Qwikster and if you want to stream your videos online, you sign up for Netflix.

Netflix Drops 7% on Monday September 19

by Yahoo! Finance

So how did this go for Netflix (NFLX) today? Not very well. The announcement sent Netflix stocks plummeting again. This time it dropped more than 7.3% or $11.44 per share today. It dropped another 1.77% or $2.55 per share in after hours trading. This drop sent Netflix dangerously close to its 52 week low of $140.02. Currently it’s price is $143.75 (not taking into account its drop after hours). This news will carry over into tomorrow and we can expect Netflix to see another drop in their stocks. They will most likely set a new 52 week low because investors are basically losing hope.

They have lost more than 50% of their market share in the past few months after announcing a change in pricing so what’s Netflix thinking?  They’ve lost about $8 billion after everything that has happened since their first announcement in July and it doesn’t look like they are done. I guess they are hoping people will adapt to their changes and come back to them in the future. I think they will get exactly what they want, but it will take some time. They have to allow people time to get  used to the changes.

Whatever happens, I still think that Netflix is a very strong stock and they will bounce back. As this stock which at one point was over $300 goes closer to $100, investors will look at this opportunity to buy low which should increase the stock prices. And as people get used to Netflix’s new prices and features and whatever Qwikster hopes to accomplish, I think they will start regaining subscribers and will still remain the top company in its field with ease.

Even if the stocks rallied today, Netflix would have gone down. And today wasn’t as bad as it could have been. I’m glad the losses were minimal and hopefully some good news comes out of Greece tomorrow. I know good news will send stocks rallying all over again and that’s exactly what we need in order to set aim for the 12,000 mark.

What are your thoughts on Netflix? What about Greece?

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?