Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bad Monday in Asia
Yahoo!Finance ^ | 03/17/08

Posted on 03/16/2008 7:34:49 PM PDT by TigerLikesRooster

Symbol Name Last Trade Change Related Info
^AORD All Ordinaries 5,131.80 10:33PM ET Down 156.70 (2.96%) Components, Chart, More
^SSEC Shanghai Composite 3,873.54 9:59PM ET Down 89.14 (2.25%) Chart, More
^HSI Hang Seng 21,109.58 10:18PM ET Down 1,127.53 (5.07%) Components, Chart, More
^BSESN BSE 30 15,760.52 Mar 14 0.00 (0.00%) Chart, More
^JKSE Jakarta Composite 2,263.51 10:32PM ET Down 119.91 (5.03%) Components, Chart, More
^KLSE KLSE Composite 1,194.84 Mar 14 Down 6.51 (0.54%) Components, Chart, More
^N225 Nikkei 225 11,726.99 10:00PM ET Down 514.61 (4.20%) Chart, More
^NZ50 NZSE 50 3,430.24 10:13PM ET Down 70.67 (2.02%) Components, Chart, More
^STI Straits Times 2,753.13 10:33PM ET Down 85.88 (3.03%) Components, Chart, More
^KS11 Seoul Composite 1,539.87 10:33PM ET Down 60.39 (3.77%) Components, Chart, More
^TWII Taiwan Weighted 7,907.93 10:33PM ET Down 253.46 (3.11%) Chart, More


TOPICS: Business/Economy; Japan; Your Opinion/Questions
KEYWORDS: asia; globaleconomy; imminentdestruction; ormaybenot; stpatricksmassacre; wereallgonnadie
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-158 next last
To: TigerLikesRooster

It looks like it’s going to be another “BLACK MONDAY”...:(


41 posted on 03/16/2008 7:56:04 PM PDT by stockstrader (Voting for CHANGE by voting for Obama--is like trying to pick up a turd by the clean end.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: atomicweeder
I think it's more likely we'll see DJIA drop to around 8,500, then institutional investors will start snapping up American stocks like mad because of their extreme undervalue.

The fear right now is that if the American stock market really crash, it could take Europe and eastern Asia along with it because in our highly interconnected world, an American financial crisis could take down Asian and European banks with it. It will be 1929 all over again.

42 posted on 03/16/2008 7:57:39 PM PDT by RayChuang88
[ Post Reply | Private Reply | To 33 | View Replies]

To: what's up
When you seen a ton of bad news with high sell volume, that may very well be a signal that a bottom is in. Watch for it this week.

umm. ok. the rules apply to ordinary markets. the washout hasn't even begun.

43 posted on 03/16/2008 7:57:46 PM PDT by the invisib1e hand (A moderate Muslim is one who acts like a Christian.)
[ Post Reply | Private Reply | To 40 | View Replies]

To: luckystarmom
We’re not losing any of it.

You will when the inflation kicks in. Be prepared to buy distressed properties for cash at the bottom of the market.

44 posted on 03/16/2008 7:58:14 PM PDT by ccmay (Too much Law; not enough Order.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: REDWOOD99
Looking to buy puts tomorrow to make some $ on the downturn.

Then later in the week or early next I will be looking for buys in the financial sector.

If I don't get it at bottom I will still get a financial for more than 50% off its year's high. Not bad.

45 posted on 03/16/2008 7:58:32 PM PDT by what's up
[ Post Reply | Private Reply | To 38 | View Replies]

To: AmericanInTokyo

That’s got to be brutal on investors when the market is in flux like this.


46 posted on 03/16/2008 7:58:50 PM PDT by Farmer Dean (168 grains of instant conflict resolution)
[ Post Reply | Private Reply | To 35 | View Replies]

To: the invisib1e hand

>> with market incentives (i.e. tax cuts) being put on the table right now.

Bush tax cuts PERMANENT would be a good move, yes. Corresponding spending cuts would also be good. Pork moratorium WOULD’VE been good, but we elect idiots to Congress for the most part.

>> someone needs to put a freaking muzzle on Barney Frank.

Totally agree. (He might even like it, you know. I hear he’s into that perverted stuff.) His nostrums for the mortgage industry would be an unflagging disaster.

>> The fed needs to show its support of free and sound market

FREE and SOUND markets over the long haul don’t involve government favors or bailouts. Is that what you mean?


47 posted on 03/16/2008 7:59:38 PM PDT by Nervous Tick (I'm not voting FOR John McCain -- I'm voting AGAINST Hillary/Obama)
[ Post Reply | Private Reply | To 27 | View Replies]

To: what's up

Below is a list of primary dealers who will be able to borrow directly from the Fed’s new program announced Sunday:

BNP Paribas Securities Corp.
Banc of America Securities LLC
Barclays Capital Inc.
Bear, Stearns & Co., Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Countrywide Securities Corporation
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Dresdner Kleinwort Wasserstein Securities LLC.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
UBS Securities LLC.


48 posted on 03/16/2008 7:59:54 PM PDT by forester (An economy that is overburdened by government eventually results in collapse)
[ Post Reply | Private Reply | To 31 | View Replies]

To: stockstrader
Spitzer down, gold up, market down, gas up, and all with the luck of the Irish.

Happy St Patty day!

49 posted on 03/16/2008 8:00:30 PM PDT by Bogie
[ Post Reply | Private Reply | To 41 | View Replies]

To: kms61

I dont know we have made a ton of money in the last 5 years so I will continue to do what we have been doing.I guess it is laughing all the way to the bank some would say


50 posted on 03/16/2008 8:01:08 PM PDT by italianquaker (Hussein is his middle name, maybe his parents should apologize for it)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Always Right

I thought the Fed meeting was scheduled.


51 posted on 03/16/2008 8:01:25 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: the invisib1e hand

4 investment banks reporting in one week along with options expiration on Thursday...I’m betting that’s a pivot point.


52 posted on 03/16/2008 8:02:40 PM PDT by what's up
[ Post Reply | Private Reply | To 43 | View Replies]

To: RayChuang88

Quick, who makes Prozac, Merck?


53 posted on 03/16/2008 8:03:46 PM PDT by central_va (Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
[ Post Reply | Private Reply | To 42 | View Replies]

To: what's up; Invisible_hand
that may very well be a signal that a bottom is in. Watch for it this week.

... then bravely position yourself between those falling knives and the bottom... :-)


54 posted on 03/16/2008 8:03:52 PM PDT by Nervous Tick (I'm not voting FOR John McCain -- I'm voting AGAINST Hillary/Obama)
[ Post Reply | Private Reply | To 40 | View Replies]

To: forester
Man. The names on that list are gonna cost the taxpayer a friggin fortune to support for any time at all!
55 posted on 03/16/2008 8:04:40 PM PDT by HeartlandOfAmerica (Don't blame me - I voted for Fred and am STILL a FredHead!)
[ Post Reply | Private Reply | To 48 | View Replies]

To: atomicweeder

I believe its going lower than that. The tanking U.S. dollar means overseas investors will be pulling their money out of the Dow bigtime in the coming months and will horde it back in their home countries in a flight to perceived safety.


56 posted on 03/16/2008 8:05:48 PM PDT by Proud_USA_Republican (We're going to take things away from you on behalf of the common good. - Hillary Clinton)
[ Post Reply | Private Reply | To 33 | View Replies]

To: TigerLikesRooster

“You did a hell of a job, Benny”


57 posted on 03/16/2008 8:05:48 PM PDT by spanalot
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nervous Tick

Not looking for a bottom...but a near bottom? I’ll take it!


58 posted on 03/16/2008 8:05:49 PM PDT by what's up
[ Post Reply | Private Reply | To 54 | View Replies]

To: Nervous Tick

An even better solution is to scrap our current progressive tax system for either the Fair Tax or a simplified flat tax system. Not only would it save circa US$400 billion per year in compliance costs, but it would make the USA a very attractive “tax haven” because of none to extremely low taxes on income and capital gains.


59 posted on 03/16/2008 8:06:04 PM PDT by RayChuang88
[ Post Reply | Private Reply | To 47 | View Replies]

To: forester

>> borrow directly from the Fed’s new program

Is that this week’s euphemism for “let the taxpayers take the risk on your toxic waste CDOs”?


60 posted on 03/16/2008 8:06:47 PM PDT by Nervous Tick (I'm not voting FOR John McCain -- I'm voting AGAINST Hillary/Obama)
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-158 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson