Dow struggles together with falling global markets
Dow Live Report: DJIA takes a nosedive on opening and reflects a pessimistic outlook for global economy in the coming months.
The debate is hot over what the causes for a possible global economic stagnation are. Needless to say, the aggregation of dark clouds has been going on for some time and if you are surprised by the negative numbers on your screen, then you should reconsider investing in stocks.
So, are we entering another recession? No. Because we are already in the middle of it. Not many claim that this is the double dip but unless you believe in economic magic and the sudden solution of a myriad of financial and political problems, the setting is ripe for some tough times.
The banks are back in the spotlight on a global scale, and together with the poor economic condition of many EU states paint a gloomy future. Keep an eye on Japan as a potential catalyst once again.
Looking at the live stats for DJIA it hovers around the -4% mark, which puts it only about 1000 points above the lowest level over the last year.
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