Hmmm... Asia's Goin Red... Any Experts Here ???

[WillyT]

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

:shrug:

:evilfrown:

[girl gone mad]

1. This is a lose/lose scenario for equities.

If the debt ceiling isn't raised, expect the dollar to climb. Demand for dollars will drive prices down in stocks and other asset classes.

If austerity is implemented in the US, the result will be economic stagnation, at best.

The only good solution is a clean bill or a work around from the WH.

Forget the ratings downgrade, it's a relatively insignificant factor in all of this.

[indurancevile]

2. i'm no expert, but -- it's the same less than 2% shift that was up just a day ago. big deal.

[Poll_Blind]

3. It's been like this for about 2 days. Slow burn. Nothing particularly sharp though.

Of course these markets are also driven by concern for other problems aside from the US situation as well.

PB

[Warpy]

4. It's a continuation of what's happened the last few nights

The whole world is in a blind panic because the US is allowing Republicans to threaten the world economy with a manufactured crisis.

I sincerely hope all those Republicans are heavily invested in Asian stocks and are taking a heavy beating.

[bluestateguy]

5. Sony reported a big loss

I'm sure that is not the only factor.