Another bloodbath in Asian financial markets:

[Subdivisions]

http://finance.yahoo.com/intlindices?e=asia

Second day in a row of multi-percentage-point losses.

http://www.bloomberg.com/markets/stocks/futures.html">US futures down -539 ahead of the open.

It's going to get very interesting in our markets today. Buckle up!

[tuckessee]

1. BSE just dipped to 11.89% down.

Came back after an hour stop, hesitated a bit then started the plunge again.

I wonder what it'll take to get another stop in Bombay?

[Subdivisions]

2. Is that in addition to the 10% dump on open? n/t

[tuckessee]

4. Not in addition to.

When it opened for the day it dropped 9.75% in two minutes.

Trading was stopped for an hour.

When trading resumed it recovered a bit, to only about 6% down.

Then it started to drop more & now is at 11% down from its starting numbers.

[snot]

3. Question:

I've been expecting a bubble burst & stagflation for some years, but it never seemed to materialize. Last spring, I finally gave up and invested some. My advisor, who I think is a genuinely good, smart guy, was saying the P/E's were historically low -- I took some comfort from that; if the numbers were real, they should have meant something. Does it turn out they were all inflated, or what?

[2hip]

5. Chill

"But foreign markets and futures trading historically have been unreliable predictors of U.S. stock action. Foreign markets typically react to developments in the U.S., rather than the other way around.

snip

Today's U.S. trading is likely to be influenced by a new batch of profit and economic reports. Ambac Financial Group Inc.,Apple Computer Inc., Bank of America Corp., DuPont Co., Johnson & Johnson and Wachovia Corp. all are scheduled to post quarterly results today. If U.S. stocks rebound, foreign markets could well follow."

http://online.wsj.com/article/SB120096287671805087.html?mod=googlenews_wsj




              Edwards '08 tees!