Stock market crashed lost 400 points on the day

Sportsdude · Feb 27 07 01:07

Went down 300 points in 20 seconds around 2pm et. Went to 500 points down and finished at 400 points down. All because of a Communist Party meeting in China. That sent the Hong Kong and Shangai markets down and of course since the american economy is being propped up by the Chinese Yen we fell hard as well. brilliant.

TehBorken · Feb 27 07 03:14

[a href="http://money.cnn.com/2007/02/27/markets/markets_0130/index.htm?cnn=yes"]Ouch.[/a]
[a href="http://money.cnn.com/2007/02/27/markets/markets_0130/index.htm?cnn=yes"]

[/a]

Lise · Feb 27 07 03:48

Recession in the wind?

49er · Feb 27 07 04:08

Sad day indeed.............I just got to learn to sell and not be so greedy for more profits

Moolah! · Feb 27 07 05:56

Opportunity knocks.

'Nuff said.

49er · Feb 27 07 06:06

Its mid-morning in Japan and the Nikkei is down 3.3%......doesn't look good for tomorrow

Russ · Feb 27 07 07:03

hmm, I heard that only a few minutes ago Raging Poodle!

Didnt the canuck stock market drop 350?

TehBorken · Feb 27 07 07:51

Raging Poodle! wrote:
Opportunity knocks.

Yes indeed. If I knew what had dropped the most, I'd buy some.
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kingy · Feb 27 07 08:13

yea, BUY, BUY, BUY.

Moolah! · Feb 27 07 08:21

TehBorken wrote:
Raging Poodle! wrote:
Opportunity knocks.

Yes indeed. [FONT style="BACKGROUND-COLOR: #dfbfff"]If I knew what had dropped the most[/FONT], I'd buy some.

[FONT color=#00007f]That's easy to find out:[/FONT]

[A href="http://ca.finance.yahoo.com/losers?e=to"][FONT color=#5b5b5b]http://ca.finance.yahoo.com/losers?e=to[/FONT][/A]

[FONT color=#00007f][/FONT]

[FONT color=#00007f]However I would not recommend you follow that strategy.[/FONT]
[FONT color=#00007f]Buy what you believe has strong fundamentals and is displaying temporary weakness. [/FONT]

[FONT color=#00007f]Not every security that takes a dive during a correction recovers nicely later.

[/FONT]

Russ · Feb 27 07 08:29

one of the worst hit was Caterpillar stocks (the diesel engine manufacturer).. this is because they have heavily invested in china.

I would suggest them.. they are one of the biggest and most reliable engine manufacturers in the world.

Moolah! · Feb 27 07 10:56

49er wrote:
Its mid-morning in Japan and the Nikkei is down 3.3%......doesn't look good for tomorrow[/DIV]
[FONT color=#007f40]All other Asian markets are down at the moment, except Shanghai which is up 2.5%.[/FONT]

[FONT color=#007f40][/FONT]

[FONT color=#007f40][/FONT]

Moolah! · Feb 27 07 10:58

Russ wrote:
one of the worst hit was Caterpillar stocks (the diesel engine manufacturer).. this is because they have heavily invested in china.

I would suggest them.. they are one of the biggest and most reliable engine manufacturers in the world.[/DIV]
[FONT color=#438059]What if the fears about the slow down in Chinese economy are justified?[/FONT]

[FONT color=#438059][/FONT]

[FONT color=#438059][/FONT]

[FONT color=#438059][/FONT]

Sportsdude · Feb 27 07 11:00

[a href="http://news.bbc.co.uk/2/hi/business/6402915.stm"]http://news.bbc.co.uk/2/hi/business/6402915.stm[/a]

Sportsdude · Feb 27 07 11:02

Raging Poodle! wrote:
[font color="#438059"]What if the fears about the slow down in Chinese economy are justified?[/font]
[font color="#438059"][/font]
[font color="#438059"][/font]
It's bound to happen a Chinese slow down. Right now what is going on in China is unsustainable. The problem is China now basically runs the world it is the economic engine. What will happen when the economic growth slows and stops? Global recession?