The stock market took a scary plunge last Tuesday in reaction to a sudden drop in China’s market. According to a Boston Globe Article, Misery in the market, the dow dropped 564 points, losing 200 points in ten minutes in the late afternoon. The market hasn’t seen a decline this drastic since the September 11th terrorist attacks. The photos accompanying the article fall beneath the tagline, “Reverberations around the world” and portray well-suited and panic-stricken financial professionals from Shanghai, New York, San Paulo and Tokyo.
Since Tuesday, the world’s markets appear to be bouncing back. NPR commentators are saying if investors are in it for the long-haul, Tuesdays sudden crash shouldn’t resound in an echo of panic.
How does this yo-yo economy reverberate in the channel and with SMBs? It doesn’t – or so it appears when one is desperately perusing the net for channel blogs addressing market instability. I haven’t found a thing; perhaps the channel is floating by, blissfully unscathed.
However with Dell reporting a 33 percent earnings decline and Novell reporting a first-quarter net loss of $19.9 million I wonder.
Since I can’t find the word on line, write in and let us know.