Be Scared of Monday?

[MrDODGE]

How do you think the Chinese are going to react to the interest rate increase? I expect some negative reaction but don't know to what magnitude.

 

[Algorithm]

Yeah so head for the hills because the interest rate went up .26 bps but GDP is above 12%. I agree sell everything across the globe, China is out of control and is about to tank into the '08 Olympics.

 

[stock_trad3r]

if the rate hike were so bad the chinese market would have sold off yesterday.

 

[SiSePuede!]

Quote from stock_trad3r:

if the rate hike were so bad the chinese market would have sold off yesterday.

happened after the market closed i think twinky. no?

 

[MrDODGE]

Quote from SiSePuede!:

happened after the market closed i think twinky. no?

Correct, happened after close.

 

[makloda]

Quote from stock_trad3r:

if the rate hike were so bad the chinese market would have sold off yesterday.

http://www.marketwatch.com/news/sto...x?guid={5A493113-EC6B-4E34-8445-7519044901E3}

"After the markets closed, the People's Bank of China said that it will raise the one-year yuan lending rate by 0.27 percentage points to 6.84% effective Saturday, as some market participants expected."

 

[stock_trad3r]

oh but since it was expected it won't be that bad

maybe a 1% selloff

 

[MrDODGE]

Quote from stock_trad3r:

oh but since it was expected it won't be that bad

maybe a 1% selloff

Don't be so sure......

 

[increasenow]

Quote from MrDODGE:

How do you think the Chinese are going to react to the interest rate increase? I expect some negative reaction but don't know to what magnitude.

what inerest rate increase?...seriously...FED did not raise it...who did?

 

[SiSePuede!]

Quote from increasenow:

what inerest rate increase?...seriously...FED did not raise it...who did?

China bro, China.