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  #1  
Old 02-27-2007, 11:45 AM
Downthestretch55 Downthestretch55 is offline
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Default China sell-off

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
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  #2  
Old 02-27-2007, 11:51 AM
Downthestretch55 Downthestretch55 is offline
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YIKES!!!!!!!
http://apnews.myway.com//article/200...D8NI6JQG2.html
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  #3  
Old 02-27-2007, 02:13 PM
Downthestretch55 Downthestretch55 is offline
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If anyone else is watching the "market correction", this could bee big.
Dow down about 400. Nasdaq down about 100.
One hour to go.
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  #4  
Old 02-27-2007, 03:13 PM
hockey2315 hockey2315 is offline
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-415.30. . . uh oh. . .

I heard a rumor about something sort of related to this that will be even worse if it's true. . .
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  #5  
Old 02-27-2007, 03:17 PM
Downthestretch55 Downthestretch55 is offline
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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.
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  #6  
Old 02-27-2007, 03:54 PM
point given
 
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Default CRASH on the DOW

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.
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  #7  
Old 02-27-2007, 04:03 PM
Downthestretch55 Downthestretch55 is offline
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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.
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  #8  
Old 02-27-2007, 04:11 PM
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randallscott35 randallscott35 is offline
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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.
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  #9  
Old 02-27-2007, 04:36 PM
Downthestretch55 Downthestretch55 is offline
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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
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  #10  
Old 02-27-2007, 04:48 PM
Downthestretch55 Downthestretch55 is offline
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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.
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  #11  
Old 02-28-2007, 04:37 PM
Downthestretch55 Downthestretch55 is offline
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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.
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  #12  
Old 02-28-2007, 06:09 PM
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Danzig Danzig is offline
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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.
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  #13  
Old 03-01-2007, 08:34 AM
Downthestretch55 Downthestretch55 is offline
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Dow dow2n 200 minutes after the opening bell, 3/1...
Buckle your seatbelts!
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  #14  
Old 03-01-2007, 12:10 PM
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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.
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  #15  
Old 03-02-2007, 04:35 PM
Downthestretch55 Downthestretch55 is offline
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Quote:
Originally Posted by pgardn
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.
pgardn,
I hope for a strong US economy.
I wasn't paying attention to the China market a few weeks ago when it jumped in valuation by 15%. When that market "corrected", it had an effect on other markets, including ours.
My guess is that will take two or three months for things to settle down.
Yes, there are bargains to be had, and strengths in some sectors.
Here's an article about this week's events:
http://www.huffingtonpost.com/huff-w...02/wall-street
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  #16  
Old 03-02-2007, 05:15 PM
Downthestretch55 Downthestretch55 is offline
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Here's another article.
http://economictimes.indiatimes.com/...ow/1716446.cms
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  #17  
Old 03-02-2007, 07:38 PM
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randallscott35 randallscott35 is offline
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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.
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  #18  
Old 03-04-2007, 04:56 PM
Downthestretch55 Downthestretch55 is offline
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This article attempts to project the upcoming week.
http://news.yahoo.com/s/ap/20070304/...week_ahead????
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  #19  
Old 03-04-2007, 04:57 PM
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randallscott35 randallscott35 is offline
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Quote:
Originally Posted by Downthestretch55
This article attempts to project the upcoming week.
http://news.yahoo.com/s/ap/20070304/...week_ahead????
I'll say it again. Gold will be 750 dollars before the end of the year, maybe 800. This is defense time, not offense.
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  #20  
Old 03-04-2007, 05:07 PM
Downthestretch55 Downthestretch55 is offline
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Quote:
Originally Posted by randallscott35
I'll say it again. Gold will be 750 dollars before the end of the year, maybe 800. This is defense time, not offense.
Randallscott,
I only follow gold and other metals regarding oil futures.
To me, the yen-dollar exchange rate seems to be a better indicator.
To each their own.
Seems that lots of investors are going to the bond market and waiting for things to settle. This week should be choppy. One report I heard said it could take six months for things to stabilize.
I'm not "doom and gloom" at this point, just cautious. I'm watching as of now.
Some bargains are there, as prices got dragged down along with others that
really needed correction.
btw...the links I post are just for information purposes. I'm not looking to debate, just to bring views to assist understanding.
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