In course of the
current economic downturn all the major stock markets across the globe are trading at their bottom level. Let’s have few snap shots of how the stock indices in most of the countries have been rattled off significantly on recessionary roll out. To start with, the penetration had populated with the Standard & Poor 500 stock index’s downfall of 10% accordingly in december07 after a huge hit in october07 & subsequently further slides of 26% in january08 fueled a world wide worry among traders. On the other side, deflation in US housing market & it’s consequence among multinational financial players like global banks, investment houses & in insurance sector led to a lump sum loss(50-60%) in major indexes like Nasdaq & Dow. Accordingly stock indexes of other countries had to hardship the heat & suffered severely as Sensex in India has felled down from it’s all time high around 21k to 8k, likewise Nikki in japan has lost it’s ground approximately 42%, the Russian stock market has lost 65.5% of its value & subsequently followed up by Hang Seng & all. As most of the fund houses & banks are running short of money so as many retail individuals, there is nothing much left to pull back the momentum.. As such, for an orthodox optimist, no more words left to opine up on except taking the entire scenario as an opportunity. In the following article, let's depict a detail light up on to what extent we can take the ongoing turmoil as a turning point.
current economic downturn all the major stock markets across the globe are trading at their bottom level. Let’s have few snap shots of how the stock indices in most of the countries have been rattled off significantly on recessionary roll out. To start with, the penetration had populated with the Standard & Poor 500 stock index’s downfall of 10% accordingly in december07 after a huge hit in october07 & subsequently further slides of 26% in january08 fueled a world wide worry among traders. On the other side, deflation in US housing market & it’s consequence among multinational financial players like global banks, investment houses & in insurance sector led to a lump sum loss(50-60%) in major indexes like Nasdaq & Dow. Accordingly stock indexes of other countries had to hardship the heat & suffered severely as Sensex in India has felled down from it’s all time high around 21k to 8k, likewise Nikki in japan has lost it’s ground approximately 42%, the Russian stock market has lost 65.5% of its value & subsequently followed up by Hang Seng & all. As most of the fund houses & banks are running short of money so as many retail individuals, there is nothing much left to pull back the momentum.. As such, for an orthodox optimist, no more words left to opine up on except taking the entire scenario as an opportunity. In the following article, let's depict a detail light up on to what extent we can take the ongoing turmoil as a turning point.
Posts
No comments:
Post a Comment