Watching the indices of today there is a strong impression (I think not only from doitinvest.com) that shares are going down and never stopping. It should be so in a sea of bad economic news and recession warnings.
First of all Merril Lynch is going to sell $8.5 billion of shares and liwuidate a big amounts of its bonds investments in order to cover the mortgage losses. If this is not a desperate move, then I don’t know what else isn’t!
Then, the European banks shares (UBS, Barclays) and Nomura Holdings have fallen, sending the MSCI World Index of investments to a lower level fourth day in a row. On top of them, Akzo Nobel and Alcatel have seen more losses, based on bad news coming from their boards of directors.
As a result, all of the major stocks indexes are falling on virtually all the markets:
INDEX VALUE CHANGE %CHANGE
DOW JONES INDUS. AVG 11,131.08 -239.61 -2.11%
S&P 500 INDEX 1,234.37 -23.39 -1.86%
NASDAQ COMPOSITE INDEX 2,264.22 -46.31 -2.00%
S&P/TSX COMPOSITE INDEX 13,303.96 -74.85 -0.56%
MEXICO BOLSA INDEX 26,732.84 -351.93 -1.30%
BRAZIL BOVESPA STOCK IDX 56,869.02 -330.12 -0.58%
DJ EURO STOXX 50 € Pr 3,285.52 -27.89 -0.84%
FTSE 100 INDEX 5,309.70 -2.90 -0.05%
CAC 40 INDEX 4,285.21 -39.24 -0.91%
DAX INDEX 6,304.20 -46.95 -0.74%
IBEX 35 INDEX 11,413.70 -70.90 -0.62%
S&P/MIB INDEX 28,129.00 -240.00 -0.85%
AEX-Index 390.25 -2.73 -0.69%
OMX STOCKHOLM 30 INDEX 839.00 -11.31 -1.33%
SWISS MARKET INDEX 6,903.38 -65.55 -0.94%
NIKKEI 225 13,159.45 -194.33 -1.46%
HANG SENG INDEX 22,258.00 -429.21 -1.89%
S&P/ASX 200 INDEX 4,847.40 -74.70 -1.52%
Our investing guesstimation is that the tumbles and the upsides of the last months will continue, but with a bias downwards. So watch the markets and be patient…