Dow down by 350 points today

[singhsa3]

Folks,
Chances of recession is increasing. Today Dow is down by 350.
If something is not done soon regarding our immigration status, several of us are going to have severe problems. So participate and make a difference.

[singhsa3]

virtual stock???
This is an index, which is used as benchmark for the broader stock market.

Originally Posted by jaspreetsinghgandhi

That is very funny ...... I can see how these virtual stock figures can scare some people away ?

Find yourself better things to worry about ... For those who can't compete in tough times, must leave US now.

If there is going to be a recession, it should be fun.

[singhsa3]

virtual stock???
This is an index, which is used as benchmark for the broader stock market.

And by the way the competion should be on level field and the field is not level till we all get our green cards. Till then we all are at disadvantage.

Originally Posted by jaspreetsinghgandhi

That is very funny ...... I can see how these virtual stock figures can scare some people away ?

Find yourself better things to worry about ... For those who can't compete in tough times, must leave US now.

If there is going to be a recession, it should be fun.

[gangster]

The dow down 350 points. Why panic. Its hardly 3%. Just because 3m and caterpilar, which are 2 components of dow had lower than expected earnings is no reason to panic and run for shelter. Google and other technology stocks have had better than expected results.

This is the time to invest...not run for cover.

[rpulipati]

If it would have been that simple, such as individual performance, everyone here would have got GC long time back.

However, there are 101 other factors that effect. Most of them are indirect., but affect GC processing directly. Such examples are: Company cost-cutting, company closing research, company closing down, etc.

Check out your company status. No company or sector is immune to slow-down.

So, keep it in clear in mind, this is not about individual performance or challenge (we have degrees, cleared entrances, certifications, you name it), rather lack of ordinance and commitment by congress.

Originally Posted by jaspreetsinghgandhi

That is very funny ...... I can see how these virtual stock figures can scare some people away ?

Find yourself better things to worry about ... For those who can't compete in tough times, must leave US now.

If there is going to be a recession, it should be fun.

[singhsa3]

No taking cover, I am all naked now. Anything that affects my chances for getting GC, I will shamelessly deal with it.

Originally Posted by gangster

The dow down 350 points. Why panic. Its hardly 3%. Just because 3m and caterpilar, which are 2 components of dow had lower than expected earnings is no reason to panic and run for shelter. Google and other technology stocks have had better than expected results.

This is the time to invest...not run for cover.

[sammyb]

Originally Posted by gangster

The dow down 350 points. Why panic. Its hardly 3%. Just because 3m and caterpilar, which are 2 components of dow had lower than expected earnings is no reason to panic and run for shelter. Google and other technology stocks have had better than expected results.

This is the time to invest...not run for cover.

DJIA and all other indexes are down not becuase of 3m and caterpilar but becuase of overall health of the economy and the fear of recession ... banking section is badly affected by credit crunch and sub prime lending ... and on the top of that $90 oil is putting all the pressure ... if you look at the market today - across the world it is down today ... and the over valued BSE is taking it's own path towards south ....

[sammyb]

http://money.cnn.com/2007/10/19/mark...ion=2007101916

the final number is 367 for DJIA ...

[gangster]

Apart from all the negatives pointed...I put in some positives: unemployment rate is under 5%, the weak dollar is good for US exporters and the dow is up for the year overall. The major job cuts are and will be in the financial services especially mortgage.

[logiclife]

Originally Posted by sammyb

DJIA and all other indexes are down not becuase of 3m and caterpilar but becuase of overall health of the economy and the fear of recession ... banking section is badly affected by credit crunch and sub prime lending ... and on the top of that $90 oil is putting all the pressure ... if you look at the market today - across the world it is down today ... and the over valued BSE is taking it's own path towards south ....

Dow Jones is an index that represents 30 companies. I would look more at the S&P 500 that represents 500 companies and that means its a broader cross-section of publicly traded companies.

Besides, the stock market is psychological in nature and responding to crude prices that are artificially high due to Turkey and Kurdish business in Northern Iraq. Either the market will self correct or the OPEC countries will cheat on their production quotas and increase crude production and bring prices down. As soon as that happens, market will go back up again.

If none of them happens, Ben Bernanke will lower the short term interest rate another half point which will give a boost (artificial) to stock market.

Also, I would never decide to be active in Immigration Voice activities based on Dow Jones readings. Whether Dow Jones is high or low, you benefit from getting a green card 2-3 years earlier and that's the bottom line here.

[senthil1]

Stock market is not having any realtionship with immigration. But economy is having some relationship. When there is severe recession then unemployment rate will be more. When unemployment rate is more especially in high tech then it will be difficult to convince congress to increase H1b or GC numbers. Congress increased H1b for 3 years in 2000 and did some temporary adjustment in gc numbers. But after dot com bust in 2000 many persons lost job and anti immigrants hardned their stand and Companies started outsourcing the jobs. In 2004 employment rebounded and now shortage of high tech workers because of limited H1b and economy development. In near term their is no evidence for broad based recession(except in housing sector). But if it happens then anti immigrants will have upper hand than pro immigrants.

Originally Posted by logiclife

Dow Jones is an index that represents 30 companies. I would look more at the S&P 500 that represents 500 companies and that means its a broader cross-section of publicly traded companies.

Besides, the stock market is psychological in nature and responding to crude prices that are artificially high due to Turkey and Kurdish business in Northern Iraq. Either the market will self correct or the OPEC countries will cheat on their production quotas and increase crude production and bring prices down. As soon as that happens, market will go back up again.

If none of them happens, Ben Bernanke will lower the short term interest rate another half point which will give a boost (artificial) to stock market.

Also, I would never decide to be active in Immigration Voice activities based on Dow Jones readings. Whether Dow Jones is high or low, you benefit from getting a green card 2-3 years earlier and that's the bottom line here.

[maag]

Does these things seems funny to you?

http://en.wikipedia.org/wiki/Great_D..._United_States

Originally Posted by jaspreetsinghgandhi

That is very funny ...... I can see how these virtual stock figures can scare some people away ?

Find yourself better things to worry about ... For those who can't compete in tough times, must leave US now.

If there is going to be a recession, it should be fun.

[BharatPremi]

Originally Posted by sammyb

http://money.cnn.com/2007/10/19/mark...ion=2007101916

the final number is 367 for DJIA ...

Now they will need High Skilled persons in Stock market and finance sector as well

[logiclife]

Originally Posted by senthil1

Stock market is not having any realtionship with immigration. But economy is having some relationship. When there is severe recession then unemployment rate will be more. When unemployment rate is more especially in high tech then it will be difficult to convince congress to increase H1b or GC numbers. Congress increased H1b for 3 years in 2000 and did some temporary adjustment in gc numbers. But after dot com bust in 2000 many persons lost job and anti immigrants hardned their stand and Companies started outsourcing the jobs. In 2004 employment rebounded and now shortage of high tech workers because of limited H1b and economy development. In near term their is no evidence for broad based recession(except in housing sector). But if it happens then anti immigrants will have upper hand than pro immigrants.

From what I know, you already have your green card since a year. So why are you concerned about H1 or GC quota? Does it affect you?

By the way, congress does not work based on facts and job market, in case you havent noticed. Congress can keep quota low when there is absolute high demand and congress can also increase the quota when there is high unemployment.

The dotcom bubble had already burst in March-April of 2000 and still, AC21 passed on Oct 2000. This upper-hand lower-hand thing really is non-existent in congress. If you show up, you have an upper hand. If you dont show up for your cause, you DONT have an upper hand.

The Armenian lobby showed up and bothered to lobby about genocide in 1915 by the Ottoman empire, so the subcommittee passed non-binding resolution to criticize the genocide by Turkish empire in 1915. That caused Turkey to pass resolution to attack Kurdish rebels in Norther Iraq (thru which a mighty big pipeline run that passes half a million gallons of oil A DAY!!!) and that caused crude to spike up to $90 a barrel. That cause Dow Jones to plummet about 350 points today which is why we are having this conversation now.

So what I am trying to say is, IF YOU BOTHER TO SHOW UP for your causes, then anything can be accomplished.

A bunch of 90 and 100 year old Armenian refugees can lobby the House and Speaker's office in order to pass a non-binding resolution (which is basically a statement of position). What good does it do? Give some closure to 90 year old Armenians in deathbeds ? The closure that US Congress recognized the genocide in 1915 in Turkey by Ottoman empire(the empire that doesnt exist now) ? That's the only good it does. Right? Now, look how much screwed up the world looks because of that? Crude oil jumps, tension on Kurdish-Turkey border just to begin with.

How did this happen? How to hell did congress manage to screw up crude oil prices of the whole world, cause parliament of turkey to authorize military strike in northern Iraq and create a huge mess just to make a bunch of 90 year old Armenians happy?

ANSWER: Because someone bothered to lobby (the Armenians in this case). not because of logic. Congress doesnt legislate based on merits. Neither does it sort priorities based on logic or merits. Congress does respond to people who bother to show up at their door steps. As simple as that.

[rimco99]

Don't be so paranoid man. The market will be back up again in a week or two. These are just temporary games being played to get the interest rate cut. So chill pill

Originally Posted by maag

Does these things seems funny to you?

http://en.wikipedia.org/wiki/Great_D..._United_States