Panic Day.....

A

ASusilovic

Australia's S&P/ASX 200 index tumbles 5.2% to 5,484.80...
South Korea's Kospi skidded 6.2% to 1,704.64
he Nikkei 225 index fell 3.2% to 15,953.58, on top of Wednesday's 2.2% drop
Hong Kong's Hang Seng Index dropped 3.2% to 20,684.71
Taiwan's Weighted index ank 3.5% to 8,293.13
Singapore's Straits Times Index slumped 3.6% to 3,155.06
New Zealand's NZX 50 index declined 1.4% to 3,947.84.

I love PANIC days !!!

:D :D :D
 
Volare Volare

Classic stuff really when it goes up 5% in one day gee its a good thing.

When it goes down 6% we suspend trading etc etc.
 
Yes, stupid bullish crowd.





Quote from dont:

Volare Volare

Classic stuff really when it goes up 5% in one day gee its a good thing.

When it goes down 6% we suspend trading etc etc.
More...
 
The last few weeks have been great for quote watchers like me, here are a few:

``Blood is hitting the streets, everyone seems to be panicking, and there's reason to panic,'' said Patrick Chang, who helps manage $4.5 billion at CIMB-Principal Asset Management Bhd. in Kuala Lumpur. ``There's been so much blow-up, we don't know when it's going to end. Liquidity is drying up.''

``We're biting our nails here,'' said Tobias Davis, senior currency dealer at Custom House Global Foreign Exchange in Sydney. ``There's a massive unwinding of carry trades. Foreign-exchange and stock markets are being driven by fear. Everyone was prepared for a correction, but not to this extent.''

``Money managers are being pressured to sell and they're going into cash and U.S. Treasuries,'' said Mark Mobius, who oversees $30 billion at Templeton Asset Management Ltd. in Singapore. ``It's a selling panic.''

``This is where people take refuge,'' said Komal Sri-Kumar, who oversees $145 billion as chief global strategist at TCW Asset Management Co. in Los Angeles. ``The dollar is still a safe-haven currency.''

``no one has called up and said the sky is falling.''
William Poole, president of the St. Louis Federal Reserve Bank,
 
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