Asian Markets at 12:50 AM EST Will Monday be bloody?

alfredo

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Sun Aug-12-07 11:55 PM
Original message

Asian Markets at 12:50 AM EST Will Monday be bloody?

Nikkei 225 16764 -406.51(-2.42%)

Hang Seng 21757 -35.40 (-0.16%)

All Ordinaries 6019 +57.30 (+0.96%)

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calteacherguy

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Sun Aug-12-07 11:58 PM
Response to Original message

1. It's a great time to buy as long as the S&P is in the mid 1400s.

Look for the index to trade in the 1600s by early next year. We are indeed fortunate to have such wonderful buying opportunities.

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Tandalayo_Scheisskopf

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Mon Aug-13-07 01:04 AM
Response to Reply #1

5. Wha?

With the foreclosures, mortgage companies going under, housing expected to be in the tank for a minimum of 2 years and hedge funds in terrible straits?

Even Merrill Lynch is telling their customers to gird their loins, stock the root cellar and hunker down.

Pass that thing over here. Second thought, don't.

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calteacherguy

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Mon Aug-13-07 01:14 AM
Response to Reply #5

9. Yes, these things have provided the catalyst for an overdue market correction.

But it's just a correction; the fundamentals are still sound. The downturn in the housing market is actually helping to keep the economy from overheating right now

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TheWatcher

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Mon Aug-13-07 01:05 AM
Response to Reply #1

6. What an enchanted world you live in.

Edited on Mon Aug-13-07 01:07 AM by TheWatcher

I have some positions in Bear Stearns Hedge Funds and shares in Countrywide I'll sell you with both hands.

You're sure to make a mint.

:eyes:

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calteacherguy

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Mon Aug-13-07 01:13 AM
Response to Reply #6

8. I bought in in 2003 near the market low. The S&P has been up over 90% since then.

Edited on Mon Aug-13-07 01:15 AM by calteacherguy

I've been buying the past week. The fundamentals are sound. But hey, to each his own!

Edit: Oh, I'll pass on those hedge funds, they've never interested me one bit!

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RL3AO

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Sun Aug-12-07 11:59 PM
Response to Original message

2. Looks like a bad Monday.

It is still the market correcting itself IMO.

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Mojorabbit

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Mon Aug-13-07 12:00 AM
Response to Original message

3. I'm holding my breath

hoping it won't be.

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ShaneGR

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Mon Aug-13-07 12:16 AM
Response to Original message

4. That's really not unusual... at all

I've seen those swing by far greater numbers and have little affect on the US market.

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TheWatcher

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Mon Aug-13-07 01:08 AM
Response to Reply #4

7. Indeed

Everything is just great here.

Permanent prosperity for all.

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alfredo

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Mon Aug-13-07 10:52 AM
Response to Reply #7

10. The market is up today, but the day isn't over, and no telling

what the week will bring.

I got out of the market when bush took the throne. I wish I would have kept the Apple stock I bought at $10 per share.

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