Posted on 03/15/2011 4:52:22 PM PDT by TigerLikesRooster
The panic has begun. What now?
By Paul R. La Monica, assistant managing editor
March 15, 2011: 4:02 PM ET
NEW YORK (CNNMoney) -- Beware the Ides of March, indeed. Investors were in full-fledged panic mode Tuesday morning.
Stocks, long-term bond yields and commodities were plummeting. Meanwhile. the VIX (VIX), Wall Street's so-called fear gauge, was surging. It shot up more than 20% at one point.
This all followed the more than 10% drop in the Nikkei Tuesday, as fears about damaged nuclear reactors following Friday's massive earthquake and tsunami continued to grip Japan.
Are investors overreacting? Some strategists don't think so.
The Japan disaster, coupled with the political turmoil in the Middle East and Northern Africa, fears about China's economy slowing down and continued fiscal challenges in the United States and Europe, are the ingredients for a long-overdue correction.
(Excerpt) Read more at money.cnn.com ...
P!
Just keep watching CNN and keep panicking and die with a panicked expression on your face some day.
This is increasingly looking like the proverbial ‘Black Swan’ event.
I think I was a bit early.
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
Far better to be early than late.
Certain commodities “plummeting” is the silver lining in all this, if there is one. Oil in particular.
My goal is to become one of those people that runs out of a building during an earthquake, looks up to see a one ton block of concrete falling toward me, and then puts my arms above my head to protect me from the block. All while standing still and screaming.
Two hot chicks made out during this disaster and I didn't hear about it?
So did I. Deflationistas win again!
The proverbial Black Swan event to which you refer would be, by its very definition, unpredictable.
However, it’s completely reasonable to expect a major market correction given the economic, political, and natural calamities we are now experiencing.
No Black Swan, just common sense.
Day late and a dollar short. Prepare to go long.
Regards, Doodle
I’d say a massive Earthquake followed by a Tsunami ‘taking out’ one of the largest economies in the world could be considered a “Black Swan”.
What’s the black swan? Speculators cashing in and going Galt?
No panic on the Nikkei — up 560. Overdoing it in the everything’s peachy direction now.
What now? Stop panicking, I guess. Not like it helps or anything. Things are what they are.
Saw the retired head of Caterpillar on Kudlow.
He’s bullish on the reconstruction effort.
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