Why are Asian stocks UP right now?

[bluestateguy]

I can't figure it out

http://finance.yahoo.com/intlindices?e=asia

[Doctor Hurt]

1. They still don't think we're gonna default

It will take time to sink in. They don't really understand how fucked up our government has become.

How can they? Most Americans don't know either.

[TDale313]

2. Agreed.

I think conventional wisdom is that a way out of this mess will be found. Hopefully it's right. All hell's gonna break loose if the markets realize the Republicans really are nuts enough to drive us off the cliff.

[gateley]

3. I agree with you and the good Doctor. And welcome to DU,

TDale313! :hi:

[TDale313]

5. ty

Lurked for a long time. Finally got around to registering and speaking up ;)

[Doctor Hurt]

9. I appreciate the compliment

but I'm a terrible doctor.

[nadinbrzezinski]

6. Welcome to DU, and I hate to be right

I "predicted:" this insanity way back after the 2010 election. Said they were crazy 'nough to do it. I wish I was eating crow

[girl gone mad]

15. Maybe it's because the White House has been reassuring banks..

that we won't default.

[nadinbrzezinski]

4. It will take at least six hours for them to realize

these fuckers are serious...

[Speck Tater]

7. Look at it this way. If you COULD figure it out you would be so rich you'd own the whole world.

That fact that nobody can figure it out is what makes it gambling.

[spanone]

8. there's a week to go

[CleanGreenFuture]

10. Dollar is down sharply against the Yen since tonight's dueling speechs

Down .56% to 73.68

[nadinbrzezinski]

11. Now that makes all the sense in the world

[Art_from_Ark]

13. I think you should recheck your numbers

The current rate is 78.05, which is close to a new low for the dollar vs. the yen.

[CleanGreenFuture]

18. Not my numbers...Bloomberg's.

http://www.bloomberg.com/apps/quote?ticker=DXY:IND

Down another .10 to .698% for a VALUE: 73.585 USD since I posted last night.

Where do you see 78.05?

[Art_from_Ark]

19. That's not the dollar-yen exchange rate

It's the dollar index.

Dollar-yen exchange rate is here:
http://finance.yahoo.com/currency-converter/?amt=1&from=USD&to=JPY&submit=Convert#from=USD;to=JPY;amt=1

[nadinbrzezinski]

12. Check then now, they are starting to turn

[jwirr]

14. I would guess that there have been assurances behind the scenes.

[FourScore]

20. Bingo.

Actually it is more reassuring to me as well.

[bluestateguy]

16. All but one in Europe is up too

nt

http://finance.yahoo.com/intlindices?e=europe

[indurancevile]

17. same reason europe is?

http://finance.yahoo.com/intlindices?e=europe


it could be that things don't work the way the talking heads tell us they do.