Recent Drops in the Stock Market
Recently, the stock market has been very unstable. After a period of extremely goodbusiness and market highs, it seems we are experiencing just the opposite. The market hasbecome increasingly unsure and risky, even with well known companies. I believe the shift in the stock market is based partly with the oil crisis caused byOPEC and partly with constant bad reports presented by companies. Maybe if assessmentfirms gave good reports more often than bad one
Without power,how can the stock market, or even the entire economy, function properly at all? All theextra revenue from gas prices either goes to the government or to Mideast countries. However, we continually stand byand allow domestic and foreign governments to control our economy. Weshould be tapping our own resources, to help ourselves and our market. 2000 “Nasdaq reaches record low”Beaumont Enterprise 29 Sept. For instance, the technology company Sony, which just released a new video gamesystem, has dropped like a rock on the market. In closing, I believe our national market should always be on the rise. In three days, their stock dropped over sixpoints. This wouldshow that we, indeed, have a well-functioning society. The market issuch a roller coaster now that it is virtually impossible to predict even the mosttrustworthy stocks like Wal-Mart or Yahoo!. Private companies do not benefit and therefore our economy drops. Bibliography “Nasdaq’s loss third biggest” Beaumont Enterprise 27 Sept. Considering they have a brand new, highly recommended gaming system, shouldn’ttheir stock be going up? They claim to have under-shipped, but what kind of excuse isthat? The public knows that a large and powerful company like Sony has the resources toship however many products are needed. OPEC is screwing up ournations economy on purpose! Yet, we let them do whatever they want with their oil.
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