China sell-off

Downthestretch55 · #1 02-27-2007, 11:45 AM

Today could be bad...very bad.
China catches a cold and everyone else gets sick too.
Hang on or sell?
http://www.businessweek.com/investor...ndex_top+story

Downthestretch55 · #2 02-27-2007, 11:51 AM

YIKES!!!!!!!
http://apnews.myway.com//article/200...D8NI6JQG2.html

Downthestretch55 · #3 02-27-2007, 02:13 PM

If anyone else is watching the "market correction", this could bee big.
Dow down about 400. Nasdaq down about 100.
One hour to go.

hockey2315 · #4 02-27-2007, 03:13 PM

-415.30. . . uh oh. . .

I heard a rumor about something sort of related to this that will be even worse if it's true. . .

Downthestretch55 · #5 02-27-2007, 03:17 PM

Quote:

Originally Posted by hockey2315

-415.30. . . uh oh. . .

I heard a rumor about something sort of related to this that will be even worse if it's true. . .

It went around the planet. I'm watching the news now...folks on the floor walking around with dazed looks an hour after the close. Let's see what tomorrow brings.

Downthestretch55 · #6 02-27-2007, 04:36 PM

Durable goods and raw materials are pretty good indicators.
Get ready. Thsi doesn't look too good short term.

http://www.bloomberg.com/apps/news?p...SaI&refer=home

#7 02-27-2007, 03:54 PM

DOW down 416 for the day. OUcH ! I knew I should have moved that retirement money sooner. And here I was piddling with Tampa BAy today. usually an off day.

Downthestretch55 · #8 02-27-2007, 04:03 PM

Quote:

Originally Posted by point given

DOW down 416 for the day. OUcH ! I knew I should have moved that retirement money sooner. And here I was piddling with Tampa BAy today. usually an off day.

PG,
I started a thread this morning in the "off topics" room...see China sell off.
When I woke up and saw that China had lost 8%, I wanted to let you all know.
The key is to watch how the dollar trades against the yen. Down from 120 to 118.

randallscott35 · #9 02-27-2007, 04:11 PM

This isn't a crash. Just wait. This will get far worse. I've been in puts on the market in various stocks for the last two weeks. Sweet redemption today. The VIX has been so low for so long, it just shows everyone who believed this goldilocks nonsense is crazy...The housing market will be getting worse as well. Median prices were down today yet the rah rah media wants to point to increased sales. LMAO, yeah b/c prices are falling.

randallscott35 · #10 03-02-2007, 07:38 PM

Quote:

Originally Posted by randallscott35

This isn't a crash. Just wait. This will get far worse. I've been in puts on the market in various stocks for the last two weeks. Sweet redemption today. The VIX has been so low for so long, it just shows everyone who believed this goldilocks nonsense is crazy...The housing market will be getting worse as well. Median prices were down today yet the rah rah media wants to point to increased sales. LMAO, yeah b/c prices are falling.

On our way to the bottom. Buy gold and gold stocks as a hedge. Still think inflation will go up even with bond yields going down.

Downthestretch55 · #11 03-04-2007, 04:56 PM

This article attempts to project the upcoming week.
http://news.yahoo.com/s/ap/20070304/...week_ahead????