Posted on 01/16/2008 5:27:47 AM PST by glide625
HONG KONG (AP) -- Asian markets plunged Wednesday on growing speculation the U.S. economy -- a vital export market -- is sliding into a recession that could lead to a global slowdown. (snip)""American financial mismanagement has brought us to this economic meltdown," said Francis Lun, a general manager at Fulbright Securities in Hong Kong. "Asian stock markets are all suffering; nobody has escaped." (snip) "In Europe, where markets had fallen sharply Tuesday, stocks slid again. Britain's FTSE 100 and Germany's DAX were both down about 1.2 percent in morning trading."
(Excerpt) Read more at biz.yahoo.com ...
My advice to anyone in the Markets this morning....GET OUT!!!!
Looks like another fun day on Wall Street. /s
If China’s market plunges, buy FXP.
It went up 14% just yesterday alone.
Being the contrarian that I am, I’m going back for more.
Careful, you might get trampled by the lemmings.
Yeah, that's the exact strategy that Warren Buffet uses...../sarcasmoff
I won’t be getting out for ten years at least, so at this time dips are good for me.
Those funds are dangerous. They are leveraged 2:1. You’re losses are potentially unlimited.
I told my fellow FReepers to sell stocks, or short index futures or Spyders on December 12th. At least 5 people told me they listened. Hopefully more did as well.
I meant to write “your” not “you’re”...multitasking today...
Day Traders have the ability to pull when needed, but the average joe six pack....well, thats who my comments are directed towards.......
The average Joe Six Pack can do the same. He has access to his 401k, IRA, or Brokerage account online. Or, if not, he has his advisor/broker’s phone number.
I bet my brother $1000 bucks that the dow will end the year below 10K....
10 years? I doubt that the markets will have recovered by that time.
whatever happened to “buy low, sell high”?
in this case, procrastination is your friend...
I exited the markets in 2001, right after 911 and bought gold at $287.
Look at Gold today.
;-)
We’re doomed!
You’ll know it’s real bad if Ben announces or alludes to a big Fed rate cut.
Regardless, a 30%-40% correction to the China Bubble is long past due. I don’t know what Ben can do to stop that.
I’ve been out since August. Best performing asset left in the portfolio is Loomis Sayles Bond Ret (LSBRX). The financial have yet to bottom out; this thing could take 4 or more quarters to unravel and I look for -10,000 on the DOW.
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