Posted on 08/02/2011 8:24:23 PM PDT by blam
Asian Markets Getting Smashed Tonight
Joe Weisenthal
Aug. 2, 2011, 10:02
The big drubbing continues.
Following the lousy US session, Asian markets are getting walloped.
Korea is down 2.9%.
Hong Kong is off 2.3%.
Japan is off over 2% as well.
At least everyone's in this together.
(Excerpt) Read more at businessinsider.com ...
I have a feeling Tomorrow is going to be a blood bath
bump.
I'm about ready to jump in and pick up some stock bargains the next few days.
Initially thought this was the thread from last night. lol
....Bad Sushi
It is only 11am here and things are in a complete free fall.
I wrote about this yesterday - the pundits and talking heads in the US are all talking about the good news - what good news ??
Anyway I must be in the wrong line of work because my market predictions have been spot on -
be watching the dollar very close - if it drops below 1.2 to the SGD then you can expect it to go to parity within a week. Im expecting this to happen later today.
Two days in a row here FRiend
It is ugly
While the "debt deal" was the impetus, it had nothing to do with the fundamental forces effecting this.
So the spin will be.....Yeah but it would have been worse if Barry the Massiah hadn’t led us out of the wilderness and saved the day with his stellar leadership during the debt *cough* crisis.
From my perspective, it will only get uglier, at least in the short-term.
But . But . But . . . How can this be?!
The trick is to try to figure out when the short-term ends and the long-term begins.
uh oh.. I do not think this is good at all.
I did that yesterday and lost 3% of my 401k. I would suggest waiting out this week.
We are so ......screwed!
Oh that is easy. My broker says ‘Now is the time to BUY!” Strange he says that every time I talk to him.
"Unexpected"
I think your advice is good. It’s easy for me to be brave posting a message tonight, but tomorrow when it’s time to actually push the button, I suspect I’ll be much more prudent. :)
Doh !
Paging Mr. Blankfein and Mr. Dimon, please come to Timmy’s office for a “pep talk”.
Timmy (played by Edward G. Robinson): See, here, see, we’re not gonna have any big drop see. We’re gonna have a little drop. A thousands points or so. But NO BIG COLLAPSE, got it ? Get the money printing boys to giva ya the fake dough to make the buys, got it ? Let it go down for a week, then start buyin ! Pump it up real good, see. The boss don’t want no big collapse, not until the year after next.
Blankfein: Ya mean bammy ?
Timmy: No you maroon, the BIG boss.
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