Have we reached the bottom?

Many factors may make it too early for investors to treat the equity market as the financial equivalent of a Filene's Basement, analysts say.

NEW YORK - Check it out. Have stock prices plunged to such low levels that investors should scramble to buy them? Although experts have different ways of answering that question, several said last week that after the market's recent slide, stocks do appear to have lower prices than history would justify.

Monday latest from the London Stock Exchange: National boost for bookies

The FTSE 100 index slipped back into the red today as investors wavered after last week's surge above the 4,000 mark.
A reversal of fortunes for mining stocks saw many plummet into the red after earlier gains. This took the shine off the London market, which was down 0.3 points at 4029.4 by lunchtime - wiping out a morning rise of around 40 points.
News that Japan is to spend around 2 per cent of its output on measures to help workers and small businesses as well as boost regional economies lifted the Nikkei 225 by 1 per cent, while Hong Kong's Hang Seng was 3 per cent ahead.
In London, miners lost out after earlier rises. Rio Tinto topped the fallers board after a downgrade by Societe Generale and a Financial Times report that the firm had a back-up plan to sell $10billion (£6.7billion) of discounted shares should its Chinalco deal be blocked by regulators or shareholders. Shares were down 169p at 2321p.
Property and financial companies made the strongest gains, with banking stocks higher after HSBC completed its £12.5 billion rights issue with a 96.6% take-up from shareholders.

KUWAIT: Stock market suspended as investors panic over big losses

As the international financial crunch continues to hit Persian Gulf markets, trade at the Kuwait Stock Exchange was halted by a Kuwaiti court ruling today in an effort to curb the slump in the market’s slide, according to Kuwait’s official news agency KUNA.
The unprecedented ruling will be maintained until Nov. 17, when the court will review its decision aimed at preventing massive losses among small investors in this rich small emirate, which is the fourth-largest oil producer in the world.

Markets Tumble as Bailout Fails

Wall Street's worst fears came to pass today, when the government's financial bailout plan failed in Congress and stocks plunged precipitously - hurtling the Dow Jones industrials down nearly 780 points in their largest one-day point drop ever. Credit markets, whose turmoil helped feed the stock market's angst, froze up further amid the growing belief that the country is headed into a spreading credit and economic crisis.
Stunned traders on the floor of the New York Stock Exchange, their faces tense and mouths agape, watched on TV screens as the House voted down the plan in mid-afternoon, and as they saw stock prices tumbling on their monitors. Activity on the floor became frenetic as the "sell" orders blew in.

Wall Street turns around after global markets plunge

An Indonesian trader reacts on the trading floor of the Indonesia Stock Exchange in Jakarta, Indonesia, today. Indonesia's benchmark stock index plunged 10 percent on fears about the global financial crisis, prompting officials to halt trading.

State lawmakers give back raises in light of economy

These midstate lawmakers paid money back to the state Treasury: Sens. Jake Corman, R-Centre County; Mike Folmer, R-Lebanon County; and Patricia Vance, R-Cumberland County. Reps. Ronald Buxton, D-Harrisburg; Mauree Gingrich, R-Cleona; Glen Grell, R- Hampden Twp.; David Hickernell, R-Mount Joy; and Sue Helm, R-Susquehanna Twp. Others, including Sen. Jeffrey Piccola, R-Dauphin, and Rep. Katie True, R- Lancaster, said they are giving their raises to charity. Source: State Treasury; Patriot-News reporting.

The London Stock Exchange and the Barbados Stock Exchange today signed a Memorandum of Cooperation to formalise the existing strong ties between the t

To mark the signing of the Memorandum, trading at the London Stock Exchange was opened this morning by Mr Marlon Yarde, the General Manager and Chief Executive Officer, and Mr Andrew St. John, the Chairman of the Barbados Stock Exchange.

Welcoming the Barbados Stock Exchange, Martin Graham, the Exchange's Director of Markets said: "The MOC will formalise an already strong working relationship between our 2 Exchanges - ensuring better communication between us and the markets we represent. We envisage our co-operation delivering real practical benefits for investors, issuers and member firms alike."

Irish Stock Exchange says Grant Thornton Review of Corporate Governance is a useful - - "albeit narrow" - - contribution

The Irish Stock Exchange said today that the Grant Thornton Review of Corporate Governance for companies listed on the Irish Stock Exchange is a useful, albeit narrow, contribution to the ongoing debate on Corporate Governance on public markets.

Grant Thornton said that half of Irish public companies do not comply fully with the Combined Code on Corporate Governance, which is a condition of listing on the Irish Stock Exchange.
Research carried out by accounting firm Grant Thornton shows that many boards are failing to implement best practice in relation to the composition and independence of the board of directors.

Tokyo Stock Exchange: 130 years of success

The second largest stock exchange market in the world by market value, second only to the New York Stock Exchange, it outstripped the London Stock Exchange in its day. With the background of 130 years it represents a modern institution that helps the business of huge holding companies incorporating best global practices and native principles peculiar to the local mentality. Its motto runs: “To strive to create a sound market with a high level of reliability and convenience from the standpoint of investors and other market users, thereby contributing to the realization of a more prosperous society.”

Chicago Stock Exchange baluster

During his 46 year career(1876-1922) Louis Sullivan executed 238 designs. Today, however, only about 50 remain standing. The Chicago Stock Exchange was one of the buildings that was demolished. The Chicago Art Institute, however, has erected fragments of the Stock Exchange, at full scale, as an exhibit. This piece was designed by Sullivan as a baluster for a stairway. Originally executed in cast iron and copper plated, this reproduction was cast in aluminum from a pattern that was made from a mold taken off an original piece, then copper plated and finished with an antique patina.25 1/2"h x 10"w $385

The Panic of 1907

Floor of the New York Stock Exchange in 1907. Photo: Helen D. Van Eaton
Background:

At the time, the young US stock market was in a decline - it was off 25% since the beginning of the year and Wall Street was jittery over the tight money supply.
Trigger: Then along came Otto Heinze with his get-(even)-rich(er)-quick scheme. In October of 1907, Otto, along with his brother, a copper magnate named Augustus Heinze, and the ice king (yup, he sold ice - remember, this was before the age of household refrigerators) Charles W. Morse, aggressively bought shares of United Copper, thinking that they could corner the market on the stock. Their plan failed spectacularly, and immediately bankrupted the trust companies and banks that provided the financing.
Runs on banks immediately ensued as depositors pulled their money from banks that had dealings (or rumored to have dealings) with the trio. In a little less than two weeks in the Panic of 1907, a chain reaction had left 9 trust companies and banks bankrupt.
The Solution: At the time, the United States had no central bank (President Andrew Jackson had abolished the Second Bank of the United States some 6 decades earlier), but we had J.P. Morgan.

Pakistan Stock Exchange

COUNTRIES STOCK EXCHANGE ADDRESS
Pakistan

Karachi Stock Exchange
Stock Exchange Building, Stock Exchange Road, Karachi
Pakistan

Lahore Stock Exchange
Po Box 1315, 19 Khayaban e Aiwan e Iqbal, Lahore
Pakistan

Islamabad Stock Exchange
Stock Exchange Building, 101-E Fazal-ul-Haq Road, Blue Area, Islamabad

ACCA Pakistan joins hands with Lahore Stock Exchange

ACCA (Association of Chartered Certified Accountants) awarded Lahore Stock Pakistan Ltd with Platinum Approved Employer Status and Continuous Professional Development (CPD) Approved Employer Status in recognition of their commitment towards training and development of ACCA trainees and members.

KSE-100 Index Sets New Record: What is the Market Telling Us?

On Tuesday the Karachi Stock Exchange’s (KSE’s) KSE-100 Index - Pakistan’s equivalent to the Dow Jones Index - broke the psychological barrier of 15,000 for the first time. At the time of writing this (on what is Wednesday morning in Pakistan) the Index remains well above that mark.

The rise of the stock market(s) in Pakistan in recent years has been phenomenal. Much of this matches the rise of emerging markets all over the world, but the rise over the last year is particularly phenomenal given just how depressed, depressing, uncertain and unclear the politics of the country has been. My friends who work in the financial sector tell me that money can be made from bad news as much as from good news. I am sure they are right, though I am not sure if I understand all the nuances of how.

Pakistan stock index chart (jun-2007, feb-2009,)

What happened then?, Very simple, as you can see in the chart after the market closed = straight line, after a few months, the stocks every day fell by 5% rate, the maximum allowed in one day, but without crossing any operation since nobody wanted to buy. Several days after falling by 5% per day, in december arrived the first purchases at the 6000 level at KSE100 index, but then the index fell to levels below 5000 ¡¡¡¡¡.

Pakistan thought how to avoid a stock Exchange crash, but …….

After an excellent start of 2008 for the Pakistani stock market, with an stock exchage index near about 16,000 until march 2008, globalization begins to affect KSE100 index in Karachi starting in March and April 2008 a clear and severe bear market. Apart from national companies such as oil company in Pakistan with 15% of the weight of the index, other companies are pakistanies subsidiaries of large multinationals such as Nestle, Colgate Pakistan or Pakistan Lafarge Cement.

Today's Stock Scare

Today's drop -- the latest in a miserable month for global stock markets -- was kicked off by companies reporting on their quarterly earnings.
The earnings reports have brought bad news and -- "virtually across the board -- there have been dim forecasts for earnings in the year ahead, showing just how deep this downturn is going to be.

Flowserve Corporation Celebrates 10-Year Anniversary

DALLAS--July 20, 2007--Flowserve Corp. (NYSE:FLS) a global leader in fluid motion and control products and services, today celebrated the 10th anniversary of its incorporation and listing on the New York Stock Exchange (NYSE). In honor of this event, company President and Chief Executive Officer Lewis M. Kling and other company representatives visited the NYSE today and rang the closing bell to end the trading session

New York Stock Exchange

The New York Stock Exchange (NYSE) is a stock exchange based in New York City, New York. It is one of the largest facilities in the world for trading stocks and financial securities. The NYSE is operated by NYSE Euronext, which was formed in 2007 by the NYSE's merger with the fully electronic stock exchange Euronext. The NYSE building was designated a National Historic Landmark, listed in the National Register of Historic Places in 1978.

Stocks lose more ground on wild ride

New York (AP) — Stocks closed lower again today with the Dow industrials posting their eighth straight decline.
The Dow Jones industrial average finished with a loss of 128 points at 8,451 and down 1,817 points on the week. Declining issues on the New York Stock Exchange led losers nearly 2-1 on volume of 10.9 billion shares. The Nasdaq composite index was actually up 4 points at the 1,649 level, but posted a loss of 298 for the week. Roughly 4.1 billion shares traded on the tech-heavy exchange. And the S&P 500 dropped 10 points, closing at 899, down 199 points for the week.

Wild ride on Wall Street ends with gain of 400 points

NEW YORK -- Wall Street has turned in another stunning finish and extended its unprecedented streak of volatility -- this time, to the upside. The Dow Jones industrials are up nearly 400 points, after falling 380 in the opening minutes of the session.
It is clear that investors are reacting in the extreme to negative economic news, including disappointing numbers today on industrial production. But traders are also reacting to the market's declines, and were piling in to buy late in the session.

Statement Regarding New York Stock Exchange Listing

NEW YORK, April 9 /PRNewswire-FirstCall/ -- Six Flags, Inc. (NYSE: SIX) announced today that it has been notified that the Company's common stock and Preferred Income Equity Redeemable Shares ("PIERS") are being suspended from trading on the New York Stock Exchange (the "NYSE") because the Company failed to meet the NYSE's quantitative listing criteria. The Company has been informed that trading will be suspended prior to the market opening on Monday, April 20, 2009. The Company expects that its common stock and the PIERS will be traded on the over-the-counter market and quoted on the OTC Bulletin Board upon delisting from the NYSE.

How the New York Stock Exchange Works

Tracing its origins to 1792, the New York Stock Exchange today lists nearly 2,700 securities and trades about 1.5 billion shares a day. Many of the member companies are among the largest in the United States.
All together, New York Stock Exchange companies represent over three-quarters of the total market capitalization in the nation. Trading occurs on the floor of the exchange with specialists and floor traders running the show.
The specialist
Specialists are the workers who are responsible for matching buyers to sellers. The specialists’ role is to be certain that the stocks for which they’re responsible are traded in a fair, competitive, orderly, and efficient market, ensuring that all customers have an equal opportunity to buy shares while receiving the best prices. The specialist seeks to avoid large or unreasonable price fluctuations between consecutive sales and usually is fairly successful.
The floor trader

Hilary Duff Rings Opening Bell At NY Stock Exchange

Hilary Duff rang the opening bell at the New York Stock Exchange in New York City today. She was there supporting one of her charities, Blessing in a Backpack. The charity works to provide free meals to underprivileged school children.

Hilary was voted #4 Best Dressed Celeb of 2008 according to PapierDoll. Beyonce was their 1st choice winner.

Cost of crash: $2,800,000,000,000

Autumn's market mayhem has left the world's financial institutions nursing losses of $2.8tn, the Bank of England said today, as it called for fundamental reform of the global banking system to prevent a repeat of turmoil "arguably" unprecedented since the outbreak of the first world war.
In its half-yearly health check of the City, the Bank said tougher regulation and constraints on lending would be needed as policymakers sought to learn lessons from the mistakes that have led to a systemic crisis unfolding over the past 15 months.

How much is that?

The Bank of England may have put the paper cost of the global crisis at a staggering $2.8 trillion, but how does one come to grips with such a sum? Think of it like this: it could pay for 46 bail-outs of the kind the Treasury handed to the banks RBS, HBOS group and Lloyds TSB; or pay off the last quarter's public debt 45 times. It is more than three times the sum of UK annual public spending, and also equivalent to the wealth of 100 Oleg Deripaskas - before the credit crunch anyway. It's equal to 138m bottles of 1947 Petrus Pomerol, the bankers' favourite vintage; or, if it's your turn in the coffee round, 773bn lattes - nearly 13,000 each for every UK citizen.

Forbes adds Huntsville to list of top cities for defense jobs

HUNTSVILLE, Al. - Forbes magazine includes Huntsville among the country's top

cities for defense jobs in a new ranking.Huntsville appears on the list with Washington, D.C.; Orlando; Tampa/St. Petersburg; Dallas/Forth Worth; Colorado Springs; Tucson and Phoenix, Ariz.; San Diego and Los Angeles

Job losses send stocks tumbling

Higher than expected government reports that more than half-a-million jobs were lost in November pushed the Dow Jones down more than 200 points in the first hour of morning trading.
The Labor Department's report that employers slashed 533,000 jobs in November came in much higher than the 320,000 that economists forecast. The job losses were severe enough to add to expectations that Washington will have to take even bigger steps to boost the economy.
Analysts say job losses were widespread, hitting manufacturing, construction, retail, financial and other sectors. It was the biggest monthly loss of jobs since 1974.
New York Stock Exchange
While the rise in the unemployment rate wasn't as steep as the 6.8 percent forecast, investors clearly believe the employment outlook remains bleak -- especially as the layoffs keep coming.
This news comes on top of reports Thursday that AT&T Inc. was slashing 12,000 jobs, and DuPont Co. is cutting 2,500 people from its payrolls.
Broader stock indicators also declined. The Standard & Poor's 500 index fell 19.71, or 2.33 percent, to 825.51, and the Nasdaq composite index fell 32.98, or 2.28 percent, to 1,412.58