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US Congressmen fiddle while Wall Street burns

by Scott Bicheno on 29 September 2008, 23:10

Tags: AMD (NYSE:AMD), Apple (NASDAQ:AAPL), NVIDIA (NASDAQ:NVDA)

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AMD was spared the wooden spoon, however, by a 17.42 percent drop in Apple's shares. Perhaps even more worrying for Apple investors was the fact that most of this fall came prior to the bailout vote announcement after some analysts downgraded estimates on Apple stock amid concerns that its premium priced products may suffer a drop-off in sales during the economic slowdown.

 

 

Company Listing Share price 19/9/08 Share price 23/9/08 Share price 29/9/08 Share price 29/9/08 1-day change Market cap (bn)
AMD AMD 5.42 4.99 5.16 4.29 -16.9% 2.60
Apple AAPL 140.91 131.05 128.24 105.90 -17.4% 93.81
Avnet AVT 27.28 25.71 24.89 23.90 -4.0% 3.59
Dell DELL 16.63 16.57 17.00 15.41 -9.4% 30.18
Google GOOG 449.15 430.14 431.04 390.08 -9.5% 122.66
HP HPQ 48.26 47.16 47.81 44.55 -6.8% 109.11
IBM IBM 118.85 116.21 119.42 114.46 -4.2% 155.08
Ingram Micro IM 17.37 16.62 16.95 16.20 -4.4% 2.69
Intel INTC 19.23 18.50 19.20 17.25 -10.2% 96.98
Microsoft MSFT 25.16 25.40 27.40 25.10 -8.4% 229.17
Nvidia NVDA 11.41 11.17 11.69 10.08 -13.8% 5.61
Tech Data TECD 30.70 29.67 29.63 29.34 -1.0% 1.48
Yahoo YHOO 19.89 18.68 18.92 16.90 -10.7% 23.42
Dow .DJI 11388.44 11015.69 11143.13 10365.45 -7.0% N/A
FTSE 100 .FTSE 5311.30 5170.27 4977.01 4818.77 -3.2% N/A
NASDAQ .IXIC 2273.90 2178.98 2183.34 1983.73 -9.1% N/A


HEXUS Forums :: 4 Comments

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Soooooo….

When do we start buying up cheap stocks to make a decent medium to long term return?
Deleted
Soooooo….

When do we start buying up cheap stocks to make a decent medium to long term return?

2015, is my guess.
Shock, horror, politicians doing what their constituents want.

and feedback from their constituents was running strongly against the measures.

Well, rejecting it may or may not have been the right thing to do. I wouldn't know, but don't you sometimes wish OUR politicians actually listened to what WE want rather than what THEY want?
Deleted
don't you sometimes wish OUR politicians actually listened to what WE want rather than what THEY want?
only always… :mad: