Are world stock markets going to crash due to libya crisis?

India
March 2, 2011 7:04pm CST
I am selling off all the shares that I have which are at profit.The negative news from libya will most probably affect the stock markets all over the world as the oil price keeps going up.
2 people like this
6 responses
@DoctorDidi (7018)
• India
3 Mar 11
I personally believe that the world stock markets are going to crash due to libya crisis as the oil price will definitely rise by leaps and bounds.
1 person likes this
@greenpeas (998)
• Philippines
3 Mar 11
There are stocks that meant to be for your future wealth. If you have these stocks, then please dont sell it. If you have stocks that are volatile and you are a day trader, then yeah do it but be sure you know what you are doing. Investing and trading is not the same when it comes to stocks.
• India
6 Mar 11
I am not a trader but i feel like i can re-enter the stock at a later time when crude price cools down.Since the stock market in my country is falling down because of high crude oil price ,i feel like every country that import crude oil will suffer because of libya crisis.
@peavey (16936)
• United States
3 Mar 11
Depending on what shares you have, I would keep them. If oil prices go up, some people will be holding valuable stocks and shares in them. I don't know that oil is the only question in the stock market though, there are so many things going on that people are not feeling very secure in any of their investments.
@few00cent (2183)
• India
4 Mar 11
well Ya, dispute in Libya already effected the world as Libya is one of those country which provides fuel.
@iwrite (5034)
• Singapore
3 Mar 11
Well I am not too sure, if you are holing to mining stocks and oil stock I think it is still time to keep. They should be going up. I felt it is the currency that would be going down.
@maplegeo (126)
• India
3 Mar 11
By the current news there is a chance to fear about that..I am not in stock trading but this issue will cause some impact in the economy because of the shooting prices of oil..