04/18/05
01:18:33 am, Categories: Dollars & Sense
Another Black Monday for Markets? Intn'l Markets Dropping
Looks like Asian markets closed down today. Japan is down -3.80% and Hong Kong -3.62%.
European stock indices also opened lower, an average of -1.92% as of this writing.
If Monday's numbers don't paint a rosy picture of the economy, the Dow most assuredly will fall into the feedback loop. The Dow had lost 3.57% last week. A Monday close around the 9,600-9,800 range would put it with its international peers.
It's all artifically inflated anyway. I'm surprised the illusion has kept up this long. Were it not for online trading enabling millions of clueless Americans to pump tons of fresh cash into the markets, the bottom line would have sank to the abyss long ago. Expensive oil, however, means that big countries will go to war over access rights to oil producing nations. Who will stir this time?
