China sell-off

Downthestretch55 · #1 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 · #2 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

Downthestretch55 · #3 02-27-2007, 04:48 PM

NZ and Aus are starting off tomorrows market. Doesn't look good.
http://www.bloomberg.com/apps/news?p...2nU&refer=home

Watch the dollar and yen exchange.

Downthestretch55 · #4 02-28-2007, 04:37 PM

Bounced back today, but it was a yo-yo ride.
Seems that every day, US debt increases to those that float us.
One billion to the Saudis and Japanese, and another to the Chinese.
Today was for bargain hunters. Good for them.
Things won't get right until the yen floats against the dollar.
A two billion a day deficit will catch up to the US sooner or later.
It's what happens when we import more than we export.
It will probably take a few years to recitfy. Devaluation of the dollar could also happen pretty soon, when the costs of the current wars are considered.
To me, I'm watching...as I don't have a clear picture, but it's getting clearer.

Danzig · #5 02-28-2007, 06:09 PM

not surprised at all that china had their problems, i read the time article the other day about all the speculation over there. and of course it will have affects on other markets, china is way too big to ignore. maybe this will jolt some folks over there back to reality, and temper future buying.
just hope the 'correction' over the next few days, and weeks, isn't as bad as some are saying it could be.

Downthestretch55 · #6 03-01-2007, 08:34 AM

Dow dow2n 200 minutes after the opening bell, 3/1...
Buckle your seatbelts!

#7 03-01-2007, 12:10 PM

I hope people do flee. I aint. There is so much upside in so many areas... there is some huge technology waiting in the wings. This kind of thing always happens. US manufacturing expanded in Feb. and now we are down only 15...

The real lesson in the US stockmarket has a much more global nature to it than in the past. And that is good. For those of you hoping for a complete crash, I dont think we are going to have another black October in March. If we do, we start over, no biggie.