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Thread: US markets plunge

  1. #1
    News Ferret
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    US markets plunge

    US stock markets plunged Thursday, as worries over global growth grew following a rout in Europe's markets driven by sovereign debt fears and more poor US data pointing to the economy stalling.




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  2. #2
    contrarian
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    Here we go again...

  3. #3
    Changone
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    GFC mark 2 or put more correctly, GFC mark 1 that we all tried to pretend wasn't there when it was always the biggest Elephant found to be present in any room in all of history.

    I got 32.5THB/A$1.00 a few days back
    Today 30.8

    Loved the way they reported that at the opening of the Sydney stock exchange this morning "They hung on at the start" but soon gave in and market down 4% same as US last night.
    Sometimes I think we are delusional (Or at least having a Rabbit/Headlights moment) here in Australia.
    Gold/Oil down too

    Right, I'm back to work as I now need the money even more than I did before.

  4. #4
    Organic AI Quarky's Avatar
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    Just hope the markets fall another 10%... perfect!
    My only experience was in a pie making factory managing the gravy team


  5. #5
    Changone
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    Whats the significance of the 10%...?

  6. #6
    Organic AI Quarky's Avatar
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    Quote Originally Posted by Changone View Post
    Whats the significance of the 10%...?
    Because I think then it will be a proper correction.... otherwise I think we'll be waiting for another 10%++ drop in the coming months...

    Most analysts seem to think the market was over-cooked by about 25%... so a way to go yet. I just wish it will hurry up as I have some pension funds moving into a new scheme soon.... and I was praying the market would correct before they were moved... as I have no control over when they join the new scheme. I only know it is August sometime...
    My only experience was in a pie making factory managing the gravy team


  7. #7
    Changone
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    Technically what the US had this week was a correction.
    But have you ever seen a Dead Cat bounce before?

    Attachment 1091

  8. #8
    Organic AI Quarky's Avatar
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    Quote Originally Posted by Changone View Post
    Technically what the US had this week was a correction.
    But have you ever seen a Dead Cat bounce before?

    Attachment 1091
    Yes... I am hoping the dead cat stays unbouncy... 555
    My only experience was in a pie making factory managing the gravy team


  9. #9
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน justcruzing1's Avatar
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    It is looking more and more like a life in the village up in Issan is going to be the surviver.

    Simple life, simple needs and self sufficiency. Why reinvent the wheel?

  10. #10
    contrarian
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    Quote Originally Posted by justcruzing1 View Post
    It is looking more and more like a life in the village up in Issan is going to be the surviver.

    Simple life, simple needs and self sufficiency. Why reinvent the wheel?
    And only spend what you have!

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