HSBC Analyst cried on TV when stock dropped to $33 in Hong Kong

@fnu149 (11)
United States
March 11, 2009 3:34am CST
In today's stock moment, it is extremely volatile. You just have to expect the unexpected. This reporter in Hong kong was shaking as she witnessed a big drop in HSBC (the largest bank in the world) stock price on March 9th 2009 in hong kong. This clip is in chinese. http://www.youtube.com/watch?v=OwFr_Dnkvcc Follow up. HSBC stock rose 30% in the next two days.
2 responses
@magtibaygom (4864)
• Philippines
20 Apr 10
We are disgusted to what happened to some of the largest banks of the world. I am not sure with this, but this is my opinion: It is better to just invest in small growing companies with solid business activities than invest in high flying highly speculative stocks. Sure, you can find an "real entrepreneur" quietly building an empire somewhere else. You will be investing in business with solid foundation, not in businesses run by incompetent professionals.
@baileycows (3669)
• United States
11 Mar 09
I hope they are not falling. That is who I bank with and they are great. I have not read anything about this. Thanks for the heads up I will have to find it and see what is going on.