[ThePythonicCow]

Wow, they [Jakarta, Indonesia] went flatline.

You might recall that we call it a bear market when it is down 20% from the top.

Well, Jakarta is down over 21% for the week (and we're only into Wednesday, their time.) They closed last week at 1846, and are down to 1451 (apparently flatlined) now, which is a 21.4% drop.

Isn't the deal to buy when fear and loathing are panic'ing the market ... Buy, buy, buy !!

[SAJ]

Too early. If you'll recall 1997-8, the time to buy the Asian Tiger nations' share mkts was almost exactly 2 weeks AFTER the story of their meltdown hit the Drive-By Media.

Wait for it. No hurry.

[griffin]

buy...agree. What a ride. No short term gains here...

Bet it will take years to get past 12000 in the djia again...decades if the government starts rewarding non-payment of mortgages the way mccain suggested last night. Economic suicide....