China sell-off

[Downthestretch55]

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

[Downthestretch55]

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]

-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]

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]

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]

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]

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.