NY stocks fell sharply after 9% slide in Chinese stocks
Chen
stock decline sparked by growing concerns that the U.S. and Chinese
economies are cooling and that U.S. stocks are about to embark on a
major correction. The Dow Jones industrials dropped more than 140
points.
A 9 percent slide in Chinese stocks earlier set the tone for U.S.
trading, a day after investors sent Shanghai's benchmark index to a
record high close.
ltl...@hotmail.com
3:01. Bloodbath today.
.
demor...@aol.com
The Cracking of China has begun.
http://groups.google.com/group/soc.culture.china/browse_frm/thread/32f063dfbfa668ff/210beb3637e17977
"I am predicting a crisis in "P"RC that will result in the cracking of
the CCP before the scheduled Olympics in 2008. The collapse is
especially dangerous for China because the only reason for legitimacy
for the CCP comes from the perceived economic development, and there
is no room for error. Pencil in 2007 for the collapse, but it could
come sooner."
-- Demorising, July 27, 2002
abia...@my-deja.com
Last time demorising said Iraq war was a great success, I am not sure
if he still thinks so.
And I wonder what demorising has said about 2000 US stock market
meltdown. The Cracking of USA has begun??? LOL!
On Feb 27, 4:10 pm, demoris...@aol.com wrote:
> On Feb 27, 12:10 pm, "Chen" <c...@europe.com> wrote:
>
> > NEW YORK (AP) -- Wall Street fell sharply Tuesday, joining a global
> > stock decline sparked by growing concerns that the U.S. and Chinese
> > economies are cooling and that U.S. stocks are about to embark on a
> > major correction. The Dow Jones industrials dropped more than 140
> > points.
>
> > A 9 percent slide in Chinese stocks earlier set the tone for U.S.
> > trading, a day after investors sent Shanghai's benchmark index to a
> > record high close.
>
> The Cracking of China has begun.
>
> http://groups.google.com/group/soc.culture.china/browse_frm/thread/32...
Albert K. Fung
> > NEW YORK (AP) -- Wall Street fell sharply Tuesday, joining a global
> > stock decline sparked by growing concerns that the U.S. and Chinese
> > economies are cooling and that U.S. stocks are about to embark on a
> > major correction. The Dow Jones industrials dropped more than 140
> > points.
> >
> > A 9 percent slide in Chinese stocks earlier set the tone for U.S.
> > trading, a day after investors sent Shanghai's benchmark index to a
> > record high close.
ltlee1:
> > The Dow Jones Industrial dropped 200 point in 3 minutes, from 2:58 to
> > 3:01. Bloodbath today.
The bird flu .... :)
Is finally upon us. It started when the PRC sneezed, Japan
got the cold and now New York. Most definitely, this will
reverberate around the world for a few more times. It will
take down the Indian, South American and European markets.
Every one wanted exit and NYSE had to be closed manually.
It went down over 500 points before recovering back to 399.
The volatility index .VIX was up 70% within an hour. In the
next few days, the sell buttons will dominate, while buyers
will be sidelined. A sincere condolence to those who longed
the market.
And, heart-felt congratulations to those who shorted .... :)
BTW: PRC's Lenovo just announced a major laid-off. The
surest sign yet of the PC sector in major trouble. It's,
afterall, a sunset industry.
致意
馮荊洋
綠翠臺/西貢/香港
ltl...@hotmail.com
> Chen:
>
> > > NEW YORK (AP) -- Wall Street fell sharply Tuesday, joining a global
> > > stock decline sparked by growing concerns that the U.S. and Chinese
> > > economies are cooling and that U.S. stocks are about to embark on a
> > > major correction. The Dow Jones industrials dropped more than 140
> > > points.
>
> > > A 9 percent slide in Chinese stocks earlier set the tone for U.S.
> > > trading, a day after investors sent Shanghai's benchmark index to a
> > > record high close.
>
> ltlee1:
>
> > > The Dow Jones Industrial dropped 200 point in 3 minutes, from 2:58 to
> > > 3:01. Bloodbath today.
>
> The bird flu .... :)
>
> Is finally upon us. It started when the PRC sneezed, Japan
> got the cold and now New York. Most definitely, this will
> reverberate around the world for a few more times. It will
> take down the Indian, South American and European markets.
The influence is uneven. Raw material countries and stocks were
negatively impacted to a greater degree.
Japan closed one hour before the Shanghai market. But the N255
only went down by 0.5% Hong Kong closed at the same time, th HSI
went down 1.76%. Malaysia was downed by 2.8%, and India 1.25%.
The biggest loser in Europe is Austria. It is among the first one to
close in Europe and its index was down 4.92%. Bigger markets
performed better. Londen's FTSE lost 2.31%, German's DAX 2.96 and
France 3.02%.
The Dow Jones openned on the down side. But not a lot.
http://finance.yahoo.com/charts#chart1:symbol=^dji;range=1d;indicator=sma(50,200)+volume;charttype=candlestick;crosshair=cross;logscale=on;source=undefined
The index lost about 100 points during the first 30 minutes. It
continued to go lower
gradually. 37 million shares hit the floor at 2.58 and the DJI dropped
170 pts in one minute. It dropped another 50 pts or so in another two
minutes with more average volumes. For the day, DJI dropped 3.29% and
Tornoto 2.72%. Mexico and
South American markets were bigger losers. Argentina was down by 7.49%
followed
by Brazil's 6.62 and Mexico's 5.8 %.
Tomorrow may be down again. I think March will begin on a positive
note.
ltl...@hotmail.com
>
> > NEW YORK (AP) -- Wall Street fell sharply Tuesday, joining a global
> > stock decline sparked by growing concerns that the U.S. and Chinese
> > economies are cooling and that U.S. stocks are about to embark on a
> > major correction. The Dow Jones industrials dropped more than 140
> > points.
>
> > A 9 percent slide in Chinese stocks earlier set the tone for U.S.
> > trading, a day after investors sent Shanghai's benchmark index to a
> > record high close.
>
> The Cracking of China has begun.
>
>
> "I am predicting a crisis in "P"RC that will result in the cracking of
> the CCP before the scheduled Olympics in 2008. The collapse is
> especially dangerous for China because the only reason for legitimacy
> for the CCP comes from the perceived economic development, and there
> is no room for error. Pencil in 2007 for the collapse, but it could
> come sooner."
> -- Demorising, July 27, 2002
If you are talking about the cracking of the Chinese stock market. It
came and went. The same index dropped 50% between 2001 and 2005.
The impact on the country as a whole is minimal.
.•:*¨¨*:•. ® George Ramayah ™ .•:*¨¨*:•.
It used to be when US sneezes, all the other world stock markets got a
cold.Now it seems that Chinese sneezes, US and the rest of the world
got the cold. The centre of the universe has shifted to Beijing. The
Japs must be banging their balls now.
Wakalukong
wrote:
> Gee, we can sense demorising is very excited now.
>
> Last time demorising said Iraq war was a great success, I am not sure
> if he still thinks so.
>
> And I wonder what demorising has said about 2000 US stock market
> meltdown. The Cracking of USA has begun??? LOL!
---------
Hehe, we have some really desperate people. Next time, someone farts
and they'll say the cracking of China has begun (can't you hear that
loud booming sound?)
Wakalukong
abia...@my-deja.com
erqua
> It used to be when US sneezes, all the other world stock markets got a
> cold.Now it seems that Chinese sneezes, US and the rest of the world
> got the cold. The centre of the universe has shifted to Beijing. The
> Japs must be banging their balls now.
Didn't they do it deliberately?
A sneeze is accidental.
CL
Chinese market gained 4%, triggering gains in the Dow, right?
China haters will only sh!t on China when there's bad news. And after
the dust settled, it appears the US market reaction was caused by
software glitch that exaggerated a sudden drop that wasn't there:
http://www.computerworld.com.au/index.php/id;236050319;fp;2;fpid;1
http://news.com.com/2061-10791_3-6162756.html
"computer glitch made the situation appear even worse."
Mettas Mother
off the skies!
"erqua" <er...@dodgeit.com> wrote in message
news:45e66aba$1...@news.tm.net.my...
Putain
"..:*¨¨*:.. ® George Ramayah T ..:*¨¨*:.."
news:1172633452.4...@z35g2000cwz.googlegroups.com...
The ones who were hurt the most were the Chinese invetors. China still does
not
have a great number of foreign investors in it's stock market.
erqua
> The ones who were hurt the most were the Chinese invetors. China
> still does not have a great number of foreign investors in it's stock
market.
If the stock market has gone too high, it's better to pop the bubble
early, rather than wait a few a few years for a gigantic meltdown. I
don't know much about the stock market, but supposedly, the Chinese
stock market had risen too fast, nearly doubling it's value in the past
year alone.
Putain
That is absolutely correct. All aspects of the Chinese economy have been
growing too fast, including bank exposure and individual credit.
There have been rumors that the government will impose a 20% capital gains
tax
on stock transaction profits. Where there's smoke there's fire.
.•:*¨¨*:•. ® George Ramayah ™ .•:*¨¨*:•.
True but the funny thing about stock markets, whenever there are
sellers there are equal numbers of buyers. I can understand the
sellers panic but who are the buyes with billions of dollars to do the
buying? My guess are the fund managers snapping up the blue chips they
think are worth buying. Also the crash is healthy and should be
correction to the speculative buying in the Chinese stocks. Asian
stocks markets today are generally stronger that the last crash.
China, Korean, Taiwan,Japan, Singapore and India are experiencing
strong growth and healthy balance current accounts.
.•:*¨¨*:•. ® George Ramayah ™ .•:*¨¨*:•.
> "..:*¨¨*:.. ® George Ramayah T ..:*¨¨*:.."<georgefernandez2...@yahoo.com.sg> wrote in message
China's market may be small compare to US, Japan or European markets
but they are all interlink to each other. It may dragged the Taiwanese
and Japanese markets. That in the end dragged the US and European
market like dominoes spread to tother countries
demor...@aol.com
Cooking The Books In Beijing
By INVESTOR'S BUSINESS DAILY
http://www.ibdeditorials.com/IBDArticles.aspx?id=257644935223766
...
He noted that Beijing has artificially devalued its currency and
continues to heavily subsidize its manufacturing sector. Bad debts
have piled up, many of its state-run banks are insolvent, and now
China's rulers fear an inflation spike.
The whole system would collapse if we didn't prop it up through
massive flows of trade and investment.
...
As we saw from this week's sell-off, all of America may be
overinvested in a monumental fraud. We know Beijing's defense numbers
are bogus; the Pentagon has proved it.
If the Chinese lowball those data to hide military outlays, how do we
know they're not inflating growth figures to attract more Western
investment - the lifeblood of China's economy? Both come from the same
dubious source: the Chinese Communist Party.
The answer of course is we don't, and can't, know what's really going
on inside a police state. There's no transparency - only a Great Wall
of propaganda.