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January 21, 2008 at 11:09 AM #140003January 21, 2008 at 11:13 AM #139713LA_RenterParticipant
Interesting 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
January 21, 2008 at 11:13 AM #139930LA_RenterParticipantInteresting 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
January 21, 2008 at 11:13 AM #139948LA_RenterParticipantInteresting 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
January 21, 2008 at 11:13 AM #139977LA_RenterParticipantInteresting 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
January 21, 2008 at 11:13 AM #140023LA_RenterParticipantInteresting 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
January 21, 2008 at 12:58 PM #139845stockstradrParticipantOK, 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.
January 21, 2008 at 12:58 PM #140057stockstradrParticipantOK, 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.
January 21, 2008 at 12:58 PM #140080stockstradrParticipantOK, 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.
January 21, 2008 at 12:58 PM #140107stockstradrParticipantOK, 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.
January 21, 2008 at 12:58 PM #140153stockstradrParticipantOK, 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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