Asian stock markets are holding steady with few losses. Manufactured Crisis or Lucky Break?

[Poll_Blind]

Asian stock markets are holding steady with few losses. Certainly no meltdown as had been predicted. Real-time source at http://money.cnn.com/data/world_markets/americas/">CNN

Manufactured Crisis or Lucky Break?

[FLAprogressive]

1. Both.

[Poll_Blind]

2. Ha! Good point. Poll has been updated.

PB

[DJ13]

3. A successful robbery requires a gun to the head, or a knife to the throat

[AndyTiedye]

7. Something Like that

[bluestateguy]

4. A manufactured crisis is still a crisis

Only historians will much care about how it was created. We all have to live with the consequences, however.

[FreakinDJ]

5. That report is Exaggerated - Shanghi down less then 1%

let the hyperventilating begin

[Poll_Blind]

6. Source right here:

At CNN, still being updated but the numbers are the same.

PB

[Art_from_Ark]

8. Shanghai is down more than 2%

All Asian/Australian markets are down.

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


European markets are expected to open "sharply lower":

http://www.cnbc.com/id/43876289?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo

[girl gone mad]

9. Equities have been due for a major correction, imo.

We'll see if this is the catalyst.

[Fool Count]

10. Neither. The whole idea that markets everywhere should

go down on bad news from the US is outdated and does not apply to this situation. Previously, any inkling of a crisis had fast money
fleeing the emerging markets for the supposed safety of the USD-denominated assets such as US treasury bonds. Every drop in
the Asian markets was coincident with strengthening USD. Not this time around. Who would be buying US debt right before a
potential default? Quite the opposite, the smart money should be abandoning the US now looking for safe heavens elsewhere.
Asia-Pacific is the least US-dependent developed economic area on Earth. Of course, it will also be affected by economic downfall
of the US, but not as much as most people think. US is not an indispensable country anymore, so much talked about "decoupling"
is finally here. US economy may sink and fester for decades to come, with China, India, Australia, Japan etc chugging along as
if nothing happened. Americans, say hello to irrelevance.