Until July 2008, dead cat bouncing markets ? April 2008: We expect a stock market crash (sudden 30 % loss in value or more over a short period), but not within the next 5 or 6 months.
"History argues that credit constraints will affect all forms of capital investment," (Citigroup's chief equity strategist Tobias Levkovich)
Steve Fraser reports in his book “Wall Street: America’s Dream Palace,” “real estate prices collapsed, credit dried up, house building stopped.”
Beurskrach, www.beurskrach.com is een nieuwe site sinds half februari 2008, en gaat over de ontwikkelingen op de internationale effectenbeurzen. Is it the end of the bubble or an upcoming serious Stock Market Crash?
"Some humans would do almost anything to see if it was possible to do it. If you put a large switch in some cave somewhere with a sign on it saying ‘End of the World Switch, Please Do Not Touch’ the paint wouldn’t have time to dry." - Terry Pratchett
All is quiet, the Oil Price is a threatening cloud for the economy
Market Scan - Sotheby's Is All Ask And No Bid Maurna Desmond, 05.09.08, 9:43 AM ET Investors didn't bang a gavel when Sotheby's blurted out its bad news, but they did start selling the company's stock. Sotheby's tumbled Friday after it disappointed Wall Street by losing money in its first quarter. The art auction house cited a fall in single owner sales and lower commission margins. Analysts polled by Thomson Financial, on average, estimated earnings of 10 cents per share on sales of $141.4 million. The New York-based firm plunged 7.8%, or $2.16, to $25.31, in morning trading. The company reported a loss of $12.4 million, or 19 cents per share, compared with a profit of $24.3 million, or 37 cents per share, in the year-ago period. Sales fell 12.0%, to $129.3 million, from $147.4 million in the first quarter of 2007.
Business Low Spending Is Taking Toll on Economy By PETER S. GOODMAN - Published: May 1, 2008 Beleaguered American consumers appear to have succumbed to the pressures of falling home prices and shrinking paychecks.
New home sales plunge to lowest level in 16 1/2 years Thursday April 24, 10:32 am ET By Martin Crutsinger, AP Economics Writer New home sales plunge to the lowest level in 16 1/2 years, prices drop largest amount in 38 years WASHINGTON (AP) -- Sales of new homes plunged in March to the lowest level in 16 1/2 years as housing slumped further at the start of the spring sales season. The median price of a new home in March compared to a year ago fell by the largest amount in nearly four decades.
