Asia Markets Fall After Wall Street's Slide

cnbc ^

[maccaca]

Asian shares fell broadly Wednesday, with markets in Tokyo, Seoul and Sydney all lower after another gloomy session on Wall Street that saw the Dow Jones industrial average notch its biggest five-day points fall ever.

Japanese indexes fell more than 3 percent on Wednesday after U.S. stocks tumbled, while a firm yen also weighed on exporters.

The benchmark Nikkei shed 3.2 percent to fall to 9,834.14. On Tuesday, it slid briefly below the 10,000 level and logged a five-year closing low at 10,155.90. ... In Sydney, the benchmark S&P/ASX 200 index was down 175.5 points at 4,443.2, erasing Tuesday's 1.7 percent gain following a surprise 1 percentage point rate cut by Australia's central bank.

[maccaca]

Thanks God, I’ve been keeping 90% of my investments in cash after the technology bubble burst!!

Will probably get into the market when Dow hits 8,000 to 8,500 level!!

[VanDeKoik]

It’s the end of the world as we know it.

And I feel fine.

[Brian S. Fitzgerald]

Rumor from CNBC that credit cards from UK are not working outside the UK in the Eurozone.

[Dallas59]

Obama will fix all of this..../s

[misterrob]

Share prices are getting more and more affordable. To me it is a great way to recoup losses in real estate if you take the long view.

[ari-freedom]

there was a time when people were afraid of worse. Much worse.

[maccaca]

ASX(Australia) now down 4.2%
Nikkei(Japan) now down 4.3%

[rabscuttle385]

First, we saw the greed. Now, we see the fear.

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[Hattie]

Everything will level out after the election. Media and Dem driven panic, heard world wide.

[GOPJ]

It’s the end of the world as we know it. And I feel fine.

Tell me how you feel in a year.

[maccaca]

Is this a satire or really reported on cnbc?

[ari-freedom]

and then we see the smart money come in and buy up everything

[madison10]

You shouldn’t have long to wait, with it at 9000 something today.

[microgood]

All this panic selling supposedly means we are close to a bottom.

[rabscuttle385]

and then we see the smart money come in and buy up everything

The smart money goes short at the top and goes long at the bottom...so yes, the deck of cards is being reshuffled.

[Brian S. Fitzgerald]

Is this a satire or really reported on cnbc?

I heard the claim from another source, trying to confirm.

[rabscuttle385]

All this panic selling supposedly means we are close to a bottom.

Not necessarily.

It may mean that we're nearing the edge of the abyss...but only time will tell.

[hinckley buzzard]

All this panic selling supposedly means we are close to a bottom.

Famous last words. As Keynes reminded us: "The market can stay irrational a lot longer than you can stay solvent."

[maccaca]

we are NO WHERE near the bottom. The current markets have not priced in the ugly earnings ahead in the next few quarters. The current earnings forecast is way too high.