Stocks dive on belief global recession is at hand

All stock markets are down on growing belief that severe global recession is at hand. How low will they go? Could we hit a bottom today? Wall Street is joining world stock markets in a precipitous plunge, with the Dow Jones industrials dropping more than 400 points in the opening minutes of trading. The growing belief that the world will suffer a punishing economic recession has investors furiously dumping stocks. Grim news from overseas has added to the worldwide gloom. Big companies including Sony and Daimler are warning of tough times ahead, joining U.S. companies in scaling back their earnings forecasts. The Dow is down more than 400 points bellow 8,300 level. All the major indexes are down more than 4 percent.

Asian Stocks are declining on Enconomy and earning concerns

Asian stocks fell for a third day after Sony Corporation cut its earnings forecast and South Korea's economic growth slowed, deepening concern a global slowdown is hurting profits. Sony went down 11 percent to its lowest level since 1995 after the world's second-largest maker of consumer electronics cut its annual forecast by more than 50%, citing a stronger yen and worsening outlook. Samsung Electronics Co. was down 3.3% after posting its biggest quarterly profit drop in more than three years. Lotte Shopping Co., South Korea's biggest department-store operator, slumped 7.5 percent after net income missed analyst estimates and the country's economy grew at the slowest pace in four years.

After taking a little dive stocks are in positive territory today.

Too many bargains out ther are pushing Wall Street higher in erratic trading Thursday as investors, while still nervous about growing signs of a weakening economy, picked up all this bargains from stocks that were way oversold from the last two days market collapse. "Its people coming in that see tremendous value, but for a more sustainable advance I think we need more time," said Steven Goldman, chief market strategist at Weeden & Co. in Greenwich, Conn. Wall Street digested a rush of corporate news. Goldman Sachs Group Inc. is preparing to cut about 10 percent of its work force, according to a person briefed on the plan who requested anonymity because the company hadn't publicly disclosed details of the plan. Lets hope the market keeps rising...... Up up up!!!

Stocks taking a dive as investors weigh corporate forecasts

Wall Street is big time down again Wednesday as investors shifted their focus from improving credit markets to worrisome corporate profit forecasts that are raising fears of a deep economic slowdown. This is madness. No peace of good news since to matter. Any small piece of bad news is enough to get the markets in free fall. The major indexes fell more than 2 percent, including the Dow Jones industrial average, which lost about 350 points.

US STOCKS Market drops on recession, profit worries

U.S. stocks were loosing value on Tuesday as recession fears fueled a sell-off in commodity-related companies like Exxon Mobil Corp.

Also the earnings reports and outlooks sparked caution.

At the time of this writing all of the major indexes were down, however they well showing sign of heading to positive territory maybe later today.

Dow ends up over 400 starting the week

Finally seeing some light Wall Street has had another big advance, with investors growing more confident in response to an improving credit market and comments from Federal Reserve Chairman Ben Bernanke who hinted that the government will take more steps to help the economy.

Here is a chart of the intraday trading for the Dow Jones today:

View the full .DJIA chart at Wikinvest