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Thread: Argentina's stock market crashes

  1. #1
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    Default Argentina's stock market crashes

    Argentina's stock market crashes

    -30%

    https://tradingeconomics.com/argentina/stock-market
    Pastor Guest

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    Argentine peso collapses - Nasdaq


    https://www.nasdaq.com/article/argen...20190812-00587
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    Default



    As of right now the DOW is DOWN over 400 points.


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    Quote Originally Posted by Pastor Guest View Post

    Argentina's stock market crashes

    -30%

    https://tradingeconomics.com/argentina/stock-market



    Get ready for another flood of south of the border economic refugees.

    By then the US economy might not be much better.


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    Check the link in my first post. When I posted the link the index was down a little over 30%. Check it now and you will see at the end of the session the market closed down ​48%.
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    BBC news:

    Argentine peso and markets plunge after shock vote

    12 August 2019

    " The peso fell 15% against the dollar on Monday after earlier plunging around 30% to a record low.

    Some of the country's most traded stocks have also lost around half of their value in one day.

    **

    Argentina is a country that has suffered with all sorts of economic problems that are taught in textbooks.

    But even by its standards, this market meltdown is unprecedented.

    In just two hours, a third of the Merval index (which accounts for the most traded stocks in the country) was wiped out in value. "

    more at link


    https://www.bbc.com/news/business-49323553


  7. #7
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    At the moment, the Dow futures are down ​-342.
    Pastor Guest

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    Malo periculosam libertatem quam quietum servitium.
    I prefer liberty with danger to peace with slavery.

    “Many that live deserve death. And some that die deserve life. Can you give it to them? Then do not be too eager to deal out death in judgement.”
    Gandalf the Grey

    People with ethics have little use for the state. Conversely, the state has little use for people with ethics.

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  9. #9
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    Boy, that didn't take long.

    Dow futures now up +53!
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  10. #10
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    Can someone translate these happenings into common folk speak?
    Proverbs 29:2, "...when the wicked beareth rule, the people mourn."

    Acts 4:12
    ,
    "Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved."

    Hebrews 13:8
    , "Jesus Christ the same yesterday, and to day, and for ever."

    Revelation 3:11, "Behold, I come quickly: hold that fast which thou hast, that no man take thy crown."

    Matthew 28:20, "...I am with you alway, even unto the end of the world. Amen."

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