US Markets no longer listening to Charlie Gasperino-Asia dumping-red futures oh pain!

S2007S · Mar 13, 2008

nikkei down 3.80%

sensex down 3.4%

hang seng down 3%

MrDODGE · Mar 13, 2008

Just jumped .10 to 100.20

The Kin · Mar 13, 2008

I saw 100.02 then all of a sudden the thing just took off. Looks like 100 will be the battle of the century.

MrDODGE · Mar 13, 2008

I bet we break that point once the majority of the Asian markets close.

Retired · Mar 13, 2008

Buy at the open tomorrow.

The Kin · Mar 13, 2008

It's probably Jap PPT. It's going to be hard though.

gangof4 · Mar 13, 2008

The Kin · Mar 13, 2008

It's just a dead cat bounce. Maybe we'll get sub 100 tomorrow. I'm done for tonight.

Ivanovich · Mar 13, 2008

I honestly think the Fed played it's last card with the 200 Billion on Tuesday. That's it. Game over. It knows it cannot continue to sacrifice the dollar, and it knows further cuts are now not what the market wants anyway.

I wouldn't be surprised to see some concerted effort between the world's central banks to stem the tide of the dollar soon.

LT701 · Mar 13, 2008

Quote from Ivanovich:

I honestly think the Fed played it's last card with the 200 Billion on Tuesday. That's it. Game over. It knows it cannot continue to sacrifice the dollar, and it knows further cuts are now not what the market wants anyway.

I wouldn't be surprised to see some concerted effort between the world's central banks to stem the tide of the dollar soon.

bad news is, that for 200 billion, all we got is 15 spx points

good news is, at least 200 billion really isnt worth anything anymore