A list of 10 factors driving down the domestic stock market
10 factors driving down the domestic stock market:
- Banks are resetting their lending guidelines.
- Large companies (Fortune 1000) are revising their fourth-quarter earnings outlook downward. Stockholders are expecting this.
- Many large companies may suspend their fourth-quarter dividend payout to conserve cash, and they may make sizeable job cuts.
- Stock portfolio managers are attempting to cut their losses, out of panic and fear of not knowing where the bottom is going to be.
- Pension fund managers are trying to maximize their cash, because they are trying to sustain pension payments.
- Small businesses are trying to hang in there until the credit market thaws out before being forced to start laying people off.
- Details of the emergency $700 billion (plus tax extenders and pork) rescue package have not been implemented yet.
- General uncertainty and panic selling are contributing to a downward snowballing effect.
- Foreign markets are experiencing the same effects, which impacts our domestic markets and vice versa.
- There is a general negative outlook for 2009 due to the poisonous political tone in Congress, and negativity in the presidential campaigns.
Information was obtained from Herman Cain’s website.
Related Posts
- Money market funds are still a safe option
- America’s Current Economic Condition
- The truth about oil profits
- Chile’s private social security and how it works
- Mayors of Philly, Atlanta and Phoenix want piece of bailout pie
Tags: economic crisis, herman cain, stock market















Favorite Me
Follow Me
