Financial

Tuesday, November 6, 2007

Market crisis.
by Barbie Kunkelova


All the newest headlines that popped up on the Internet 11minutes, 2 or 7 hours ago "Toronto's stocks drop on subprime woe and weak resources", "Kubota profit falls on costs, US housing slowdown", "Hong Kong shares outlook & Lower on fears market may fall further" or "Hong Kong leads Asian stocks fall", "Mumbai: Sensex falls 385 points on profit booking", "Islamabad: KSE register's biggest fall ever after emergency imposition" and "Get ready for the fall" are only backing up the fact that the stock market is falling worldwide. The bigger they are, the harder they fall. I, personally, discovered this on the snowy slopes in Austria. The older I was, the more scared I became of falling and rolling down the hill. It drove me crazy every time a tiny kid on its toothpicks scooted past me on a steep hill. All this sums up the nightmare of every homeowner and every investor in today's market. Every day the Nasdaq, NYSE, Amex, London Stock Exchange or OTCBB publish a list of the market's top stocks (companies whose shares have just hit their highest prices in the preceding fifty two weeks). The investors read this, compare, decide and, recently, tremble. In Pakistan, the stock market suffered the shock of all-time high decline of its history yesterday, November 5th. The investors offload their shares on a very large scale. The financial analysts think that in the upcoming weeks, the market will remain this depressed due to the increasing international pressure and chaos in majority of industrialized countries. By knowing this, would you rush to invest into stocks?

related story: http://news.yahoo.com/s/ap/20071105/ap_on_bi_st_ma_re/wall_street;_ylt=Ao2HixPKszeRAcpt2_CXIZ6s0NUE
by Barbie Kunkelova
for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

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