Stock market crashed lost 400 points on the day

Sportsdude · Feb 27 07 11:07

Stock analysts were acting very strange last night. Edward Jones main analyst (EJ is based here) was like oh its no big deal if we see a 10% correction this week that's is very healthy. A loss of 10% in a week!!! That's is nuts and definately NOT healthy, what are these people smoking?!

Moolah! · Feb 27 07 11:09

Sportsdude wrote:
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?

[FONT color=#007f40]Possibly. Unless another market (perhaps India?) takes over the lead and compensates for the diminishing Chinese demand for energy, raw materials, and consumer products.
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Moolah! · Feb 27 07 11:12

Sportsdude wrote:
Stock analysts were acting very strange last night. Edward Jones main analyst (EJ is based here) was like oh its no big deal if we see a 10% correction this week that's is very healthy. A loss of 10% in a week!!! That's is nuts and definately NOT healthy, what are these people smoking?!
[FONT color=#007f40]They're speaking statistically, that's why. They won't (and can't be reasonably expected to) admit that it's a correction until the markets drop by 20%. [/FONT]

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Sportsdude · Feb 27 07 11:15

They acted like it if was to continue it was no big deal. lol

The world markets just can't switch like that. The chinese for example are basically holding up the U.S. economy. It just can't switch over night. If China is going to go down the rest of the world is going to go down with it.

Moolah! · Feb 27 07 11:28

[FONT color=#bf00bf]Off topic, but kind of funny:[/FONT]

[FONT color=#bf00bf]Ever since I started writing in this thread my negative karma has been rising.[/FONT]

[FONT color=#bf00bf]I didn't even have a disagreement with anyone today... [/FONT]

[FONT color=#bf00bf] [FONT color=#bf00bf]So obviously someone doesn't like seeing me expressing my views. [/FONT]

[/FONT] [FONT color=#bf00bf]Perhaps I should strive to be the new Adam Fulford? [/FONT][A onclick="addImg('icon/icon_smile_big.gif')" href="jvascript:void(0)"][FONT color=#bf00bf][/FONT][/A]

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Sportsdude · Feb 27 07 11:31

well its not me I don't smite.

TheAngel · Feb 27 07 11:39

Raging Poodle! wrote:
[p style="font-style: italic;"][font color="#bf00bf"]Off topic, but kind of funny:[/font][/p] [p style="font-style: italic;"][font color="#bf00bf"]Ever since I started writing in this thread my negative karma has been rising.[/font][/p] [p style="font-style: italic;"][font color="#bf00bf"]I didn't even have a disagreement with anyone today... [/font][/p][strong style="font-style: italic;"][font color="#bf00bf"] [font color="#bf00bf"]So obviously someone doesn't like seeing me expressing my views. [/font][/p][/font][/b] [p style="font-style: italic;"][font color="#bf00bf"]Perhaps I should strive to be the new Adam Fulford? [/font][a onclick="addImg('icon/icon_smile_big.gif')" href="jvascript:void%280%29"][font color="#bf00bf"][/font][/a][/p]
[/p][span style="font-weight: bold; color: rgb(0, 127, 64);"]I have been blessing you, Raging Poodle! it wasn't me.

Can't imagine anyone would want to smite you. >

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[/p]
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Russ · Feb 28 07 12:37

It wasnt me Raging Poodle, you are in my good books.. Ive stated that before.

I think I agreed with you in this thread even.

49er · Feb 28 07 01:24

pheeew! what a relieve.........the US market recovered slightly and didn't continue spiralling downward. Now for the European and Asian markets to bounce back so I could stay on track with plans for early retirement

Lise · Feb 28 07 03:00

Did anyone buy any Chinese stock when it went down?

49er · Feb 28 07 03:35

I wouldn't buy any Chinese stocks unless the company is also listed in an American Exchange. They don't have the same kind of reporting and accounting rules as western markets.

I participate and take advantage of their growth by investing in mutual funds that invest in asian markets and let professional fund managers figure all these out.

Lise · Feb 28 07 04:12

I see. Hmm. I thought people would be buying Chinese stock left and right when it went down. Shows you what I know.

Hey 49er, what do you think about India in general? Will it become the next super power in the world of finance?

Sportsdude · Feb 28 07 04:40

depends. The thing India has going for it is that its not communist. Thing India doesn't have going for it is that its not China or Vietnam in terms of sexy places to invest.

49er · Feb 28 07 05:15

Lise wrote:
......Hey 49er, what do you think about India in general? Will it become the next super power in the world of finance? [/DIV]
I don't have any thoughts on India. Fortunately for me and my co-workers the company that manages our 401K (your RRSP) offers a great selection of international mutual funds. We also have a committee that is made up of savvy investors in our company making recommendations on adding or dropping funds from this selection. All of us who have put our money in the 4 international funds that are offered have done extremely well in the past 4 years.

By the way, looking at the major holdings lists of these funds, I don't see any Indian companies on the lists.

Just from the top of my head India, even though not communist, have the caste system which could get in the way of it becoming a major finance superpower.

CK · Feb 28 07 05:59

If we just lived in the forest off of nuts and berries, we wouldn't care!

ah, now back to my stereo...

Stock market crashed lost 400 points on the day

TheAngel

CK