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samcy
Reacher
Joined: July 26, 2007
Posts: 245
Location: SG
Status: Offline
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 Posted:
Aug 17, 2007 - 02:28 PM |
 
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| Post subject: Financial Market News Black out? |
We are having a crisis of confidence whereby major stock markets world wide (except Shanghai and Shenzen) are being sold down. Most market in Asia already down by 10-15% and it seems that we have not hit the bottom.
It is a serious turmoil worst than the one happened last year.
However, I have not seen anything posting on such an issue. Is there news black out or just cannot be bother as China market is irrational and gravity defying? |
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hc
Post Roaster
Joined: Apr 04, 2007
Posts: 4545
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Aug 17, 2007 - 02:47 PM |
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Although there must be a vested interested in not causing panic, I cant sayt here are news black out.
At least all English websites are covering it.
^AORD All Ordinaries 5,670.30 2:11AM ET Down 41.90 (0.73%) Components, Chart, More
^SSEC Shanghai Composite 4,680.20 2:14AM ET Down 85.25 (1.79%) Chart, More
^HSI Hang Seng 19,983.64 1:44AM ET Down 688.75 (3.33%) Components, Chart, More
^BSESN BSE 30 13,801.16 2:45AM ET Down 557.05 (3.88%) Chart, More
^JKSE Jakarta Composite 1,908.64 Aug 16 Down 120.45 (5.94%) Components, Chart, More
^KLSE KLSE Composite 1,207.61 Aug 16 Down 44.21 (3.53%) Components, Chart, More
^N225 Nikkei 225 15,273.68 2:00AM ET Down 874.81 (5.42%) Chart, More
^NZ50 NZSE 50 3,894.34 1:31AM ET Down 63.59 (1.61%) Components, Chart, More
^STI Straits Times 2,962.01 2:45AM ET Down 190.15 (6.03%) Components, Chart, More
^KS11 Seoul Composite 1,638.07 2:02AM ET Down 53.91 (3.19%) Components, Chart, More
^TWII Taiwan Weighted 8,090.29 1:46AM ET Down 111.08 (1.35%) Chart, More
Things do look pretty bad and I am fantastically glad to inform that I pulled all my money from emerging markets and Japan a couple of months ago. Just the beginning.
Ha! Elevator going...dowwwwwwnnnnnnnnn. |
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Click here to read the latest retarded PM Natalie sent me. Let's make her lose face and FINALLY leave this site. |
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hamer
Seeker
Joined: Nov 05, 2002
Posts: 41
Location: shanghai
Status: Offline
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Aug 18, 2007 - 05:24 PM |
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maybe there is no sub-prime problem in China, no credit crunch, no irrational exuberance no excessive leverage, no huge expansion in money supply, no 'no document loans'....................
but then again, maybe there is ! |
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actions create obligations.......... |
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samcy
Reacher
Joined: July 26, 2007
Posts: 245
Location: SG
Status: Offline
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Aug 18, 2007 - 11:25 PM |
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When you have to put 30-40% for downpayment for the property and as long as the market in China continue to be irrationally exuberance, sub prime is not and will not be an issue. Furthermore there is excessive liquidity in the banking system and government reserve. May be that explain why the market is irrational exuberance. |
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hamer
Seeker
Joined: Nov 05, 2002
Posts: 41
Location: shanghai
Status: Offline
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Aug 19, 2007 - 02:15 AM |
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Yes, there is a lot of excess liquidity in the banking system and that comes from what Mr. Bernanke has said is a savings glut in China. This combined with a lack of alternatives for investing money explains why the housing market and stock market are doing so well here.......... where else can they put their money ?? |
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actions create obligations.......... |
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dr3x320
Rocker
Joined: Nov 21, 2006
Posts: 638
Location: Boston + Pudong
Status: Offline
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Aug 19, 2007 - 07:28 AM |
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On Friday in the U.S. the Fed cut interest to .5BP%, they plan to cut rates again on Sept 18th, CNBC reported that China market was selling stocks fast.
A Stocks > Nasdaq.
losing 680k kinda hurts.
More propaganda by yours truly, Sue Herrera. |
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Boston ™ Shanghai ™ Goteborg ™ |
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samcy
Reacher
Joined: July 26, 2007
Posts: 245
Location: SG
Status: Offline
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Aug 19, 2007 - 06:12 PM |
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Can you really invest in China? A shares I mean.
BTW, they have not cut the interest rate. They are cutting the discount rate by 50 bips. I don't think they are so willing to cut rate as inflation is a bigger monster to tame. |
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hamer
Seeker
Joined: Nov 05, 2002
Posts: 41
Location: shanghai
Status: Offline
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Aug 19, 2007 - 09:59 PM |
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They don't care about taming the big inflation monster. The US only wants to keep the merry-go-round of asset bubbles going. Sure they cut the discount rate to help the big banks, next they will cut interest rates to bail out the submerged, indebted US consumer, they must keep Chucky spending or else he will discover he is broke.
Then watch inflation and the US Dollar head in different directions. |
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actions create obligations.......... |
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samcy
Reacher
Joined: July 26, 2007
Posts: 245
Location: SG
Status: Offline
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Aug 20, 2007 - 12:51 AM |
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Ya. As long as China keep supplying the money. |
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Michael
Moderator
Joined: Mar 22, 2002
Posts: 5291
Status: Offline
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Aug 20, 2007 - 11:06 AM |
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