Posted on 01/21/2008 9:51:30 PM PST by HAL9000
Still watching? -13.5% I can’t understand everything they’re saying but some stocks down as much as 40%.
The WSJ blames the FED for keeping rates too low for too long, feeding the manic real estate market, but if we had received a substantial tax reduction, or even get one NOW, we could still pull out of the slow down and avoid a recession.
LOL! Where is that picture of him all clinched up like that?
Europe should prove interesting. There better be some higher up’s doing some fast talking on the phone, or it’s going to be brutal. Glad that I went to cash in November.
They’re talking about margin calls.
yitbos
Those margin calls are going to be really hard to fill at this rate.
Finance Minister was urging “calm, don’t panic, no unwarranted apprehensions, economy is strong, liquidity not an issue, I;m assured by bankers the system is healthy”...
B.S. just like any country
India, Brazil and China were fueled heavily by foreign investment dollars. When those investors leave these markets, the domestic support isn’t enough to keep them from massive losses. Look for a huge exodus from US based emerging market funds, going to make the losses in the next few months huge. Probably not too early to play some of these EMs short. Thinking about buying the FXP tomorrow, china ultra short. But I fear I might be one day late, as the opening trade on that is going to be up something fierce.
All my holdings are in retirement accounts so I just have deal with it. I’m nowhere close to retirement age, so it doesn’t really matter, but I do like seeing nice big numbers on my statements. Other than that, I got nothing in the market. But I’m in a service business that’s non-essential, so my livlihood depends on a healthy economy.
When trillions of market cap vaporize in a few days worldwide it takes a lot less to purchase the distressed assets. The volumes are high but not outrageous.
Only half the stocks have bids. So, basically nobody is buying, not even the slurpee vending machine school stock that was such a hot ipo. The bubble mango drink company is still pretty good though, heard they are going to have a secondary offering soon.
after the halt it recoved to -6% now dropping like a rock..
-12%
it would only be temporary avoidance of a recession, and meanwhile the deficit would skyrocket and the dollar would continue to fall. The economy grows on a trend basis and when markets accelerate too far beyond that mean then there’s really nothing to do but watch then overcompensate to the downside later. There will be good buying opportunities in stocks and real estate after the bloodletting, for those who didn;t get swept up in the maniae.
Indian midcap index -15.2%
-12%
*Yikes*
keep in mind this market was at 5000 back in 2004....
Don't we all... I refer to it as my "digital garden"! However, for those who enter a period where they absolutely must depend upon those statements..., it IS traumatic!
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