Home › Forums › Financial Markets/Economics › Nikkei dioing its best to catch the Dow.
- This topic has 100 replies, 12 voices, and was last updated 15 years, 2 months ago by
stockstradr.
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AuthorPosts
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January 20, 2008 at 10:41 PM #11573
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January 21, 2008 at 1:16 AM #139419
Eugene
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a cold.
Hope no one here has any long positions in emerging markets.
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January 21, 2008 at 1:52 AM #139424
TheBreeze
ParticipantDow futures down 222. It looks like the market is going to continue its descent on Monday.
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January 21, 2008 at 1:52 AM #139640
TheBreeze
ParticipantDow futures down 222. It looks like the market is going to continue its descent on Monday.
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January 21, 2008 at 1:52 AM #139660
TheBreeze
ParticipantDow futures down 222. It looks like the market is going to continue its descent on Monday.
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January 21, 2008 at 1:52 AM #139687
TheBreeze
ParticipantDow futures down 222. It looks like the market is going to continue its descent on Monday.
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January 21, 2008 at 1:52 AM #139731
TheBreeze
ParticipantDow futures down 222. It looks like the market is going to continue its descent on Monday.
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January 21, 2008 at 8:27 AM #139519
Coronita
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a
Well, i remember people posting here how they are selling their domestic stock and going completely international. I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 21, 2008 at 9:00 AM #139544
Mayer
ParticipantI think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.
I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.
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January 21, 2008 at 9:17 AM #139549
blackbox
ParticipantThis is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic! -
January 21, 2008 at 9:17 AM #139764
blackbox
ParticipantThis is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic! -
January 21, 2008 at 9:17 AM #139784
blackbox
ParticipantThis is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic! -
January 21, 2008 at 9:17 AM #139811
blackbox
ParticipantThis is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic! -
January 21, 2008 at 9:17 AM #139857
blackbox
ParticipantThis is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic! -
January 21, 2008 at 9:00 AM #139758
Mayer
ParticipantI think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.
I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.
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January 21, 2008 at 9:00 AM #139779
Mayer
ParticipantI think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.
I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.
-
January 21, 2008 at 9:00 AM #139806
Mayer
ParticipantI think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.
I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.
-
January 21, 2008 at 9:00 AM #139852
Mayer
ParticipantI think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.
I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.
-
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January 21, 2008 at 8:27 AM #139735
Coronita
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a
Well, i remember people posting here how they are selling their domestic stock and going completely international. I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 21, 2008 at 8:27 AM #139755
Coronita
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a
Well, i remember people posting here how they are selling their domestic stock and going completely international. I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 21, 2008 at 8:27 AM #139781
Coronita
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a
Well, i remember people posting here how they are selling their domestic stock and going completely international. I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 21, 2008 at 8:27 AM #139827
Coronita
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a
Well, i remember people posting here how they are selling their domestic stock and going completely international. I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
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January 21, 2008 at 1:16 AM #139635
Eugene
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a cold.
Hope no one here has any long positions in emerging markets.
-
January 21, 2008 at 1:16 AM #139655
Eugene
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a cold.
Hope no one here has any long positions in emerging markets.
-
January 21, 2008 at 1:16 AM #139682
Eugene
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a cold.
Hope no one here has any long positions in emerging markets.
-
January 21, 2008 at 1:16 AM #139726
Eugene
ParticipantHang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)
Truly, when the United States sneezes, the rest of the world catches a cold.
Hope no one here has any long positions in emerging markets.
-
January 21, 2008 at 5:16 AM #139454
Running Bear
ParticipantSomething will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.
MY2Cents
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January 21, 2008 at 7:35 AM #139466
stockstradr
ParticipantBe scared. Be very scared.
Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.
We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.
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January 21, 2008 at 7:52 AM #139470
HereWeGo
ParticipantGold is starting to wobble as well.
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January 21, 2008 at 8:24 AM #139509
stockstradr
Participant>> Gold is starting to wobble as well.
I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.
Today I’m buying gold in massive quantities across all my accounts.
I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.
The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.
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January 21, 2008 at 8:24 AM #139724
stockstradr
Participant>> Gold is starting to wobble as well.
I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.
Today I’m buying gold in massive quantities across all my accounts.
I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.
The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.
-
January 21, 2008 at 8:24 AM #139745
stockstradr
Participant>> Gold is starting to wobble as well.
I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.
Today I’m buying gold in massive quantities across all my accounts.
I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.
The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.
-
January 21, 2008 at 8:24 AM #139771
stockstradr
Participant>> Gold is starting to wobble as well.
I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.
Today I’m buying gold in massive quantities across all my accounts.
I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.
The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.
-
January 21, 2008 at 8:24 AM #139817
stockstradr
Participant>> Gold is starting to wobble as well.
I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.
Today I’m buying gold in massive quantities across all my accounts.
I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.
The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.
-
January 21, 2008 at 7:52 AM #139684
HereWeGo
ParticipantGold is starting to wobble as well.
-
January 21, 2008 at 7:52 AM #139705
HereWeGo
ParticipantGold is starting to wobble as well.
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January 21, 2008 at 7:52 AM #139732
HereWeGo
ParticipantGold is starting to wobble as well.
-
January 21, 2008 at 7:52 AM #139777
HereWeGo
ParticipantGold is starting to wobble as well.
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January 21, 2008 at 7:35 AM #139679
stockstradr
ParticipantBe scared. Be very scared.
Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.
We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.
-
January 21, 2008 at 7:35 AM #139700
stockstradr
ParticipantBe scared. Be very scared.
Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.
We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.
-
January 21, 2008 at 7:35 AM #139727
stockstradr
ParticipantBe scared. Be very scared.
Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.
We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.
-
January 21, 2008 at 7:35 AM #139772
stockstradr
ParticipantBe scared. Be very scared.
Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.
We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.
-
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January 21, 2008 at 5:16 AM #139670
Running Bear
ParticipantSomething will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.
MY2Cents
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January 21, 2008 at 5:16 AM #139690
Running Bear
ParticipantSomething will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.
MY2Cents
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January 21, 2008 at 5:16 AM #139717
Running Bear
ParticipantSomething will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.
MY2Cents
-
January 21, 2008 at 5:16 AM #139762
Running Bear
ParticipantSomething will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.
MY2Cents
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January 21, 2008 at 9:29 AM #139570
Running Bear
ParticipantI don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
My2Cents
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January 21, 2008 at 9:57 AM #139584
HereWeGo
ParticipantI agree, Running Bear.
I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.
EEV is the ETF, but it may be a bit late.
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January 21, 2008 at 9:57 AM #139800
HereWeGo
ParticipantI agree, Running Bear.
I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.
EEV is the ETF, but it may be a bit late.
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January 21, 2008 at 9:57 AM #139818
HereWeGo
ParticipantI agree, Running Bear.
I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.
EEV is the ETF, but it may be a bit late.
-
January 21, 2008 at 9:57 AM #139846
HereWeGo
ParticipantI agree, Running Bear.
I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.
EEV is the ETF, but it may be a bit late.
-
January 21, 2008 at 9:57 AM #139892
HereWeGo
ParticipantI agree, Running Bear.
I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.
EEV is the ETF, but it may be a bit late.
-
January 21, 2008 at 10:02 AM #139593
Eugene
Participant“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.
…
The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)
Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.
Germany is down 7% in one day.
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January 21, 2008 at 10:02 AM #139809
Eugene
Participant“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.
…
The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)
Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.
Germany is down 7% in one day.
-
January 21, 2008 at 10:02 AM #139829
Eugene
Participant“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.
…
The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)
Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.
Germany is down 7% in one day.
-
January 21, 2008 at 10:02 AM #139856
Eugene
Participant“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.
…
The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)
Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.
Germany is down 7% in one day.
-
January 21, 2008 at 10:02 AM #139902
Eugene
Participant“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.
…
The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)
Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.
Germany is down 7% in one day.
-
January 21, 2008 at 10:03 AM #139598
Eugene
ParticipantWe are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
This market reminds me of August 07. Gold was falling too then.
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January 21, 2008 at 10:23 AM #139608
LA_Renter
ParticipantDoes anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.
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January 21, 2008 at 10:32 AM #139618
davelj
ParticipantIt would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.
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January 21, 2008 at 10:49 AM #139638
Anonymous
GuestI’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.
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January 21, 2008 at 10:49 AM #139855
Anonymous
GuestI’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.
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January 21, 2008 at 10:49 AM #139873
Anonymous
GuestI’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.
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January 21, 2008 at 10:49 AM #139901
Anonymous
GuestI’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.
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January 21, 2008 at 10:49 AM #139947
Anonymous
GuestI’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.
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January 21, 2008 at 10:32 AM #139833
davelj
ParticipantIt would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.
-
January 21, 2008 at 10:32 AM #139853
davelj
ParticipantIt would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.
-
January 21, 2008 at 10:32 AM #139881
davelj
ParticipantIt would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.
-
January 21, 2008 at 10:32 AM #139926
davelj
ParticipantIt would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.
-
January 21, 2008 at 10:23 AM #139824
LA_Renter
ParticipantDoes anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.
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January 21, 2008 at 10:23 AM #139844
LA_Renter
ParticipantDoes anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.
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January 21, 2008 at 10:23 AM #139872
LA_Renter
ParticipantDoes anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.
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January 21, 2008 at 10:23 AM #139916
LA_Renter
ParticipantDoes anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.
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January 21, 2008 at 10:03 AM #139813
Eugene
ParticipantWe are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
This market reminds me of August 07. Gold was falling too then.
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January 21, 2008 at 10:03 AM #139834
Eugene
ParticipantWe are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
This market reminds me of August 07. Gold was falling too then.
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January 21, 2008 at 10:03 AM #139861
Eugene
ParticipantWe are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
This market reminds me of August 07. Gold was falling too then.
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January 21, 2008 at 10:03 AM #139907
Eugene
ParticipantWe are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
This market reminds me of August 07. Gold was falling too then.
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January 21, 2008 at 9:29 AM #139785
Running Bear
ParticipantI don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
My2Cents
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January 21, 2008 at 9:29 AM #139804
Running Bear
ParticipantI don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
My2Cents
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January 21, 2008 at 9:29 AM #139832
Running Bear
ParticipantI don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
My2Cents
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January 21, 2008 at 9:29 AM #139877
Running Bear
ParticipantI don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.
My2Cents
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January 21, 2008 at 11:01 AM #139663
Running Bear
ParticipantThis is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.
My2Cents
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January 21, 2008 at 11:09 AM #139693
Aecetia
ParticipantGuns are better than gold.
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January 21, 2008 at 11:13 AM #139713
LA_Renter
ParticipantInteresting post on Lansner’s blog
“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon LansnerU.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392
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January 21, 2008 at 12:58 PM #139845
stockstradr
ParticipantOK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.
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January 21, 2008 at 12:58 PM #140057
stockstradr
ParticipantOK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.
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January 21, 2008 at 12:58 PM #140080
stockstradr
ParticipantOK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.
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January 21, 2008 at 12:58 PM #140107
stockstradr
ParticipantOK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.
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January 21, 2008 at 12:58 PM #140153
stockstradr
ParticipantOK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.
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January 21, 2008 at 11:13 AM #139930
LA_Renter
ParticipantInteresting post on Lansner’s blog
“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon LansnerU.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392
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January 21, 2008 at 11:13 AM #139948
LA_Renter
ParticipantInteresting post on Lansner’s blog
“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon LansnerU.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392
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January 21, 2008 at 11:13 AM #139977
LA_Renter
ParticipantInteresting post on Lansner’s blog
“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon LansnerU.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392
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January 21, 2008 at 11:13 AM #140023
LA_Renter
ParticipantInteresting post on Lansner’s blog
“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon LansnerU.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392
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January 21, 2008 at 11:09 AM #139909
Aecetia
ParticipantGuns are better than gold.
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January 21, 2008 at 11:09 AM #139929
Aecetia
ParticipantGuns are better than gold.
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January 21, 2008 at 11:09 AM #139956
Aecetia
ParticipantGuns are better than gold.
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January 21, 2008 at 11:09 AM #140003
Aecetia
ParticipantGuns are better than gold.
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January 21, 2008 at 11:01 AM #139880
Running Bear
ParticipantThis is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.
My2Cents
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January 21, 2008 at 11:01 AM #139898
Running Bear
ParticipantThis is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.
My2Cents
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January 21, 2008 at 11:01 AM #139927
Running Bear
ParticipantThis is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.
My2Cents
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January 21, 2008 at 11:01 AM #139971
Running Bear
ParticipantThis is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.
My2Cents
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