Dow down 500 points

How safe do you feel about your investments if you live overseas? Do you actually have any control, or you leave everything to your broker. I must say I was appaled as I was watching analysts make nothing out of this situation. This was the biggest drop since sep.11th.

In the short term they go up and down. What matters to me is that in the long term they go up, hopefully [image: http://www.ajarnforum.net/vb/images/smilies/smile.gif]

anything to do with THIS: http://www.youtube.com/watch?v=ltP2t9nq9fI ?????

Uhmm,,,according to my NYC friend who was there..."everyone knew that buidling was gonna' go...the only surprising thing was that more didn't go." enough Silver,..this particular building doesn't necessarily correspond with certain conspiracy theories. As for the market...you're in for the long term, right?...relax.

this was brought on by a big china sell off, as the govnt of china changed regulations about their stocks...(correct me if im wrong)...this is not just a blip on the screen. this is 500 points. btu in the long term- it should straighten out. lets hope

funny though, this video has prompted censorship from google, youtube are freezing its counts and any attempts to link it to most viewed vidoes are being stopped. Not even larry silvertseins admission that they pulled the building did that. Anyway i am ok, I always buy high and sell low.... i think..? [image: http://www.ajarnforum.net/vb/images/smilies/grin.gif]

good video Kerux. eh, uh i mean silverfox

Take heart in that no matter where you live there wasn't much that you could have done today. There were no safe havens for todays correction, so it was not a matter of selling a sector and re-allocating to another. Think long term: Price corrections such as these offer an opportunity to strengthen your position in large cap co's. such as GE

Quote Originally Posted by SunsetSam Price corrections such as these offer an opportunity to strengthen your position in large cap co's [image: http://www.ajarnforum.net/vb/images/smilies/clap.gif] good idea mate

Quote Originally Posted by stfranalum [image: http://www.ajarnforum.net/vb/images/smilies/clap.gif] good idea mate Haven't you heard of a term "to catch a falling knife"?

but the problem this time wasnt a US economic slag, but a chinese policy fart. they wanted tor restrict the way people invested in their companies. people freaked and sold sold sold. www.nytimes.com (http://www.nytimes.com/) there are signs like the housing market, that make the US economy shaky now, but that wasnt the cause of the 416 point dip today.

Good riddance to capitalism

My interest is whether some of the investment capital withdrawn from China and US markets will flow to the SET.

Funny you should say that, a Goldman Saks analyst made a very positive comment this morning, about Thailands emerging market.

The current Dow slide is a buying opportunity. It's as if there's a sale on stocks. If we're in luck, the Dow will fall another 4-6% on fears of recession, oil turmoil, bombs exploding too far away from a current VP, etc. At that point (an 8-10% decline), I will be a buyer again (through my mutual funds). I did the same thing in '87 and '01 and am very happy today that I did. You can be happy, too.

China lost 10% in one day. That is after a 120% gain last year.

Bonds had a GREAT day. To me, cheap money is the thing keeping economies and thus the markets going. This doesn't seem to be going away. However, with the dollar sucking, the US continuing to blow $$$ it doesn't have and Alfred E. Neuman still in the White House, it's hard to be too bulish. A 10% drop would be nice to maybe prompt a trade. But spring is coming (sell in May and go away).

It's a good time to buy. Never could understand people who sell at times like this and buy in the good times. Buy low, sell high. Works for me. ----- It's a good time to buy. Never could understand people who sell at times like this and buy in the good times. Buy low, sell high. Works for me.

Global recession is due after a massive and long reaching bull run. The regular raises in interest rates over the last year particularly in the US had to bite sometime. All this talk of "buying dips" is very very premature. A one day sell off does not in my opinion a bear market make. Expect volatility over the next few sessions but ultimately, expect a correction. Don't buy dips, sell rallies...

My sma system sent me short q's yesterday at 10am [image: http://www.ajarnforum.net/vb/images/smilies/beerchug.gif] stops set at entry Not looking good for US economy

Quote Originally Posted by PuYing Hunter My sma system sent me short q's yesterday at 10am [image: http://www.ajarnforum.net/vb/images/smilies/beerchug.gif] stops set at entry Not looking good for US economy It isnt is it? I wonder wht the expected impact on forex will be. I suspect the USD will decline but it hasnt happened so far. Lat year I put 100,000 in a term account here when 1USD=41bt when I thought the Thaksin think would cause the bt to plummet It didnt and I took a bath on the rates, having to cash out at 36 when it matured. I suspect predictions of 31 may now be realised. Any thoughts?

Quote Originally Posted by buddahas How safe do you feel about your investments if you live overseas? Do you actually have any control, or you leave everything to your broker. I must say I was appaled as I was watching analysts make nothing out of this situation. This was the biggest drop since sep.11th. This is only a 3% drop, and it doesn't mean anything. This was needed. PE Ratios are also at their historical averages now that they've been at for the last 70 years. I don't have a broker. Yes, it was the biggest drop since September 17th, 2001. And it is needed.

Quote Originally Posted by Arnold! This is only a 3% drop, and it doesn't mean anything. This was needed. PE Ratios are also at their historical averages now that they've been at for the last 70 years. I don't have a broker. Yes, it was the biggest drop since September 17th, 2001. And it is needed. It certainly was, the Dow has been out of kilter with the economic fundamentals for quite some time, I have been scratching my head wondering why the bullish trend when everything suggests it was due a good correction.

Quote Originally Posted by Papa My interest is whether some of the investment capital withdrawn from China and US markets will flow to the SET. As you said elsewhere mate: "The problems resulting from Temasek Holdings' investment in Shin Corp. has given a black eye to foreign investment in Thai assets. The sale of Shin Satellite, a minor Shin Corp. asset, to Thai investors may diminish Thai public interest and criticism. The history of the sale will remain as a lesson learned, scaring foreign capital away." Don't think there'll be much of a flow of funds into Thailand for a while.

Quote Originally Posted by paully As you said elsewhere mate: "The problems resulting from Temasek Holdings' investment in Shin Corp. has given a black eye to foreign investment in Thai assets. The sale of Shin Satellite, a minor Shin Corp. asset, to Thai investors may diminish Thai public interest and criticism. The history of the sale will remain as a lesson learned, scaring foreign capital away." Don't think there'll be much of a flow of funds into Thailand for a while. I am sure you are right, but I dont know if the causes are a blunder or by design. The Temasek thing, with all the attendant anti-foreigner flim-flam, the blatant manipulation of iTV, the perceived aggression towards or even cheating of foreign businesses with the FBA changes, all go to creating an atmosphere where (understandably) foreign investors would rather go to Vietnam. All of this may be the beginning of a gradually more introspective approach under the guise of sufficiency economy, but it may also be the beginning of a rise in Thai nationalism, neither of which is going to be greatly attractive to foreign money. I genuinely worry for Thailand. Thaksin attempted to strut the world stage, and to nominate a Thai UN SecGen. He was not well regarded and he got slapped down. I believe the responses he got from world leaders in this respect and in response to his somewhat humbug complaints after being deposed were not interpreted as rebuffs to him personally, but more widely to Thailand as a whole, with a consequent significant loss of face. I can imagine how this might divert attention attention back to the long-standing ideas of HMK about sufficiency policy, though what masquerades as sufficiency policy now has little to do with the very commendable Buddhist approaches of HMK. Everybody seems to want to decorate their own opinions with the sufficiency theory badge and call themselves patriotic for doing so. It is all very strange I am sure it is all much more complex than this but the overall picture is not rosy. Or so it seems to me. Hey ho, I am not going anywhere unless it all gets too hard. I like the sun.

Funny how many opinions there are on a historical event only 1 day old. Might as well add my own. China's drop was precipitated by several things: 1) Shanghai index hitting 3,000 - causing many superstitious Chinese to sell and take gains, 2) Chinese government rumbling about possibly changing trading rules (they haven't yet), 3) Chinese government slowly raising interest rates over the past year to slow the economy, 4) Chinese market that saw amazing returns over the past several years - meaning it was begging for a correction, 5) Chinese citizens (common people) taking equity out of real assets in order to invest in the stock market (a true sign of a stock bubble) 6) Foreign investment flooding in to chase those same bubbly returns 7) All signs pointing to China's growth, despite being robust, as slowing down The U.S. drop was precipitated by: 1) A recent run-up in U.S. stocks caused by the search for an alternative to real estate as an investment 2) A 5-6 year bull market with little turmoil - begging for a reason to be spanked 3) Overreaction to the Chinese correction 4) Poor economic fundamentals (gas prices, housing BUST, slowing economic growth, possible "recession" next year according to Greenspan, WARS seemingly with no END, and Iran?) There's a lot to be upset about these days. In many ways, the bull market since 2001 has occurred in a vacuum. It's hard to believe that so many things can be going wrong at the same time -- so we simply didn't believe them and invested anyway. But... here's the important thing: This is not a bear market (yet). It's a bull market correction. So it's not time to sell - it's time to buy. But only buy quality.

Quote Originally Posted by expatwannabe Funny how many opinions there are on a historical event only 1 day old. Might as well add my own. 5) Chinese citizens (common people) taking equity out of real assets in order to invest in the stock market (a true sign of a stock bubble) 3) Overreaction to the Chinese correction Nope. These 2 can't go together. Anyway, I don't care about Chinese correction, I am more concerned about the upcoming US one, since Mr. Bush did an excellent job of bankrupting America. And I do care since we Canadians leech off US a lot, eh?

^ Buddahas, just because the Chinese market has a correction doesn't mean that there is anything intrinsically wrong with the U.S. market. So I disagree with you on this point -- the two can go together. But yes, Bush lacks any sort of fiscal discipline. At this point he'd love to be able to spend his way out of ignominy. But we'll recover - eventually. And .. we don't mind your leeching. It's just like having another, really big state up north. Only with draft dodgers. And the French. And Condi Rice's boyfriend. [image: http://www.ajarnforum.net/vb/banking-shares-and-investments/images/smilies/grin.gif]

Quote Originally Posted by expatwannabe But... here's the important thing: This is not a bear market (yet). It's a bull market correction. So it's not time to sell - it's time to buy. But only buy quality. Not really. May not be the time to sell, but it if the markets open down or head down tomorrow and you are sitting on a profit, take half of it now and decide what level to sell the rest at. Don't buy until a trend emerges. Manage the risk, manage the risk. Remember the risk/reward ratio must be over 2 (some would say over 3).

^ You are a chartist while I am a value investor. Philosophies differ, as do generally the outcomes. I would say manage the risk by buying quality - not selling into a panic. But to each his own. The waves created by chartist trading are what give me my buying opportunities.

Ahriman, i dont trade currencies but i think the US/World economy is in trouble, what that means to the market/USD who knows it so manipulated. Its a rigged casino. I just trade the 150 sma/10 min with 5000 shares of QQQQ. Its a 6.5 hour a day job but slow moving/low stress. Feb had clean signals/nice weekly candles, up $2.35/ps. Keeps the beer lao flowing. take care and great board here, i enjoy reading -PYH

Quote Originally Posted by expatwannabe ^ You are a chartist while I am a value investor. Philosophies differ, as do generally the outcomes. I would say manage the risk by buying quality - not selling into a panic. But to each his own. The waves created by chartist trading are what give me my buying opportunities. yes indeed, a TA trader, when I trade, the platform I have to use right now isnt the best [image: http://www.ajarnforum.net/vb/images/smilies/sad.gif] Still, if you are a longer term trader you can afford to sit and wait, a lot of my friends are position traders. me? I am a day trader by inclination, dont want to sit at the screen and watch the swings though I have done that. And yes, the market psychology of swing and day traders will create opportunities for the shrewd position trader. Me? I couldnt be assed with the fundamentals. What it *should* do is secondary to what it *does* do. In a bear market, even strong fundamentals wont make bulls. ----- Quote Originally Posted by PuYing Hunter Ahriman, i dont trade currencies but i think the US/World economy is in trouble, what that means to the market/USD who knows it so manipulated. Its a rigged casino. I just trade the 150 sma/10 min with 5000 shares of QQQQ. Its a 6.5 hour a day job but slow moving/low stress. Feb had clean signals/nice weekly candles, up $2.35/ps. Keeps the beer lao flowing. take care and great board here, i enjoy reading -PYH QQQQ is the Nasdaq derivative isnt it? I dont take options or shares, I spread bet, which is British, cant do it in USA I dont think and I wouldnt trust anyone to do it here given that the national pastime is to cheat foreigners. I find currency pair trading is less volatile than equities or commodities, if you choose the right binary - some can be a white-knuckle ride. I noticed a few weeks back that the onshore USD/BT rate was 36 and the offshore rate was 33.5. So I hoped a plane to singers with 2 mil, cashed in BT for USD and hopped a plane back and cashed the USD for baht. Paid for the trip and a few beers. And it was fun.

Ariyman, yes QQQQ is just 100 companies in the NAS 100. Its my key to beautiful thai/cam/laos girls and beer. My life is pretty simple i guess. regards and take care pyh ----- Got stopped out for a hefty gain I picked a bad trading system to cut down on pu yings[image: http://www.ajarnforum.net/vb/images/smilies/beerchug.gif] Ahriman, i tried to PM you but i cant send any until i have 30 posts