Asian Markets not lookng good

[Jim Warren]

1:40AM ET Down 2+% and dropping
http://finance.yahoo.com/intlindices?e=asia

[nadinbrzezinski]

1. Are we in for another ahem interesting week?

Damn they are in free fall almost

[ruiner4u]

2. asian markets never do...

funny thing about the markets...its a big gamble

[nadinbrzezinski]

3. They are following the fall on the Dow over the last 48 hours

today was BAD

[ruiner4u]

6. And its going to get worse....

I read a DU threaded article earlier where euro and asain gov's want more oversight of american markets because of the subprime mess.. Unfortunately I cant link it

However I still go with my original reaction to the OP.. asian markets are always in turmoil..

I responded to market posts in the past and have been labeled a bear because I beleave this market to be over inflated and needs correction..

Then again, I would not put my money in Asia...

[nadinbrzezinski]

7. I am a bear, not only with Asia but

alas the US Markets. I don't expect anything good about them... mostly because the fundamentals (like the credit mess) remind me way too much of oh... the fundamentals back in '29

So don't feel bad and welcome to the club

We are seeing (in my opinion) the beginnings of a major event, two weeks ago was just the beginning.

Buckle up... it will be a bumpy ride

And I do hope I can eat humble pie and it is just a very deep correction and stays in the recession stage

[ruiner4u]

10. finally some sanity...

Like you I hope its just a correction...

And I agree with you on '29 similarities

However there comes a point when a market <and world markets> become unsustainable and while I feel for those hurt, the market was never a guarantee


we are on the verge of a much needed correction..

[Jim Warren]

16. '29, '87 and

[nadinbrzezinski]

18. That is a damn scary chart

damn!

[Jim Warren]

26. striking similarities

[nadinbrzezinski]

28. And yet, we still have bulls who cannot see

the similarities

Then again there are some who say that Quantum mechanics would explain the markets better... they are that complex,

Oh boy

[Jim Warren]

29. Question

Who said? "In a depression money comes back to it's rightful owners."

[nadinbrzezinski]

30. I don't remember but could google it

[HCE SuiGeneris]

8. Link is here

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x1686398

[Jim Warren]

9. Would that the turmoil

were only in the Asian markets. Click through and watch the clock, tick tock

[ruiner4u]

11. the 'turmoil' has happened every day for the last 2 weeks

the tick tock clock has shown a 2% loss, 2% gain, 2% loss etc...

Its easy to post percentage lost, but no one posts percentage gained..

[nadinbrzezinski]

13. Its easy look at the charts

it is clear as day

[ruiner4u]

14. Move that chart back 5 years..

and you will see an amazingly inflated market.

[flyarm]

12. here is article you are talking about..

Calls grow louder for international overview of U.S. markets


Source: Int. Herald Tribune

Calls grow louder for international overview of U.S. markets
By Heather Timmons and Katrin Bennhold
Published: August 28, 2007

Loan crisis blamed on lax regulators

Politicians, regulators and financial specialists outside the United States are seeking a role in oversight of American markets, banks and rating agencies in the wake of recent problems related to subprime mortgages.

Their argument is simple: The United States is exporting financial products, but losses to investors in other countries suggest that American regulators are not properly monitoring the products or alerting investors to the risks. "We need an international approach, and the United States needs to be part of it," said Peter Bofinger, a member of the German government's economics advisory board and a professor at the University of Wurzburg.

While regulators in the United States have not been receptive to the idea in the past, analysts said that Europe and Asia have more leverage this time around. Washington might have to yield if it wants to succeed in imposing bilateral regulations on state-owned investment funds from emerging economies.

"America depends on the rest of the world to finance its debt," Bofinger said. "If our institutions stopped buying their financial products, it would hurt."


Read more: http://www.iht.com/articles/2007/08/28/business/reg.php

[ruiner4u]

15. Thank you...

Call me a bull or a bear or an asshole..

But THAT scares me more then anything...

[Subdivisions]

4. HA! I just came from looking at those numbers. Yes, it's going

to get interesting again. Wonder how much more cash the Fed will "inject" into the banking system?

[nadinbrzezinski]

5. Well today they hit the trading blocks

and I noticed the nik did as well

Ah wonderful charts

[flyarm]

21. how much is it up to now..close the 400 billion been injected into the banking system?

that would be the fed and foreign injections..yeah..that economy is just soaring..:sarcasm: :sarcasm: :sarcasm:

this is not a good time to buy...

remember someone or ones..have put options for i believe sept 21st..that the market is going to crash

fly

[nadinbrzezinski]

22. Those bets worry me for OTHER reasons

chiefly they are called an Osama Bin Ladin bet

[flyarm]

27. I am well aware of that....i have seen it before..and i don't like it one bit!! eom

[nadinbrzezinski]

17. Ok did the Japanese government inject

moneys?

[ruiner4u]

19. honestly, right now do they have any money to inject?

Its the same as our injection sham

[nadinbrzezinski]

20. They have turned from a nose dive to

a recovery... don't know if they have enough time to get to the possitive territory, but watch

[Jim Warren]

23. Nikkei ends down 1.7 pct, yen hits exporters

http://www.reuters.com/article/marketsNews/idINTKB00284520070829?rpc=44

Next up: Europe

[ruiner4u]

24. in all honesty

how does whatever happens in asia effect us? While it is amazing to watch Jakarta fall every night and china's excuse of a heng try to stay afloat... It does not really mean anything to us...

its just puppetry...

[nadinbrzezinski]

25. Actually today it does

twenty, thirty years ago, no, not really

But today it does, becuase the economy world wide is that conected

Toyota, think of that factory... if the yen goes up significantly against the dollar, then their cars become "more expensive" to us

And that is just an example

And what happens here affects them and so it goes

[ruiner4u]

31. I respect what you have to say greatly...

:)

But what I mean is right now the mass wealth cant be touched by an asain meltdown.. And on a grandscale between a chevy or a toyota neither can we...



In a few months try to buy import hyper inflated chinese steel and copper in our country that no longer manufactures raw materials

[nadinbrzezinski]

32. Actually one resaon we are having this very entertaining

situaiton is sloshing wealth looking for a home

The best analogy I read is water in a tub going back and forth, looking for stabity

As to our country's de-industrialization, agreed, it will be a problem... especially if we go to war, as in a world war

[ruiner4u]

33. So where are you putting your money?

[nadinbrzezinski]

34. We have some in gold and actually very little in stocks

we don't have that much, and if I had more I'd probably do emerging markets

I also have time for the markets to recover... and to a point, if you have it, this ia good time to pick up some bargains

Now if you have no problem investing in tobacco and you want to do some capital preservation, that is solid in good and bad times. I just don't since I hate their product

[ruiner4u]

35. Ive heard of the sin mutual and im interested in it...

it takes stocks of prisons, tobacco, alcohol, etc... I like being a good progressive, but i also like making my money work for me...

If your willing to PM I would like to talk about gold...

Right now I have most of my trust in 5/3 bankcorp and im trying to get it moved cause im terrified of financials