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Frugi
Administrator
USA
627 Posts |
 Posted - 02/27/2007 : 20:21:37
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Since February 2006 China's stockmarket has more than doubled, and it has gained almost 16% in the past one month. Overnight China's economy took a hit and lost about 9%. Now this may seem like alot but compared to what it has gained in the past year it doesn't matter much. China's economy will recover fairly easily over the next month or so. When the USA got word of the sell off in China, along with tensions in the middle east, and news off a possible US recession our stockmarket lost over 400 points. In the first five minutes of opening trading today the DOW dropped 125 points and continued to lose up to 500 points before regaining a small amount and closing down 416 points. This is the largest US market loss since mid September 2001 (due to WTC attacks). This is just my opinion and we will find out soon but I think this is more than just a 'correction', I believe this could be the beginning of a very choppy, and violent downward spiral for the USA. China will/can recover somewhat easily whereas we won't.
If anyone noticed the market dropped over 400 points, crude went up, and gold/silver remained flat. Gold/Silver should have fallen more. When the market eventually begins to rise again for us gold/silver will follow and bring metals to new highs-this could be what most of us have been waiting for.
Also, if China was truly in trouble we would have had a much harsher correction in the base metals sector. In fact no correction occured in the base metals sector, in fact most of the base metals went up. So in my opinion shareholders in the USA are going to be 'screwed' for the next couple of months and quite possibly alot longer. Those who hold true liquid assets such as gold and silver are in for an exciting and volatile market, " I can't wait to see how this turns out over the next couple of months."
Real Eyes Realize Real Lies
Buy Less. Work Less. Live More.
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n/a
deleted
479 Posts |
Posted - 02/27/2007 : 21:41:13
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Before WWII, world opinion held that the engine of commerce was Europe and that the USA could not survive a meltdown of the European markets.
After WWII the USA thrived without the European market engine.
I think that we are fools if we beleive that the Chinese cannot survive a meltdown of the US Market.
Time will tell, but my assumption is that the US market is likely to melt and in short order, the Chinese market will emerge relatively uharmed by the US meltdown.
There has long been speculation about what would happen if the Chinese suddenly decided that they needed the money that they currently have parked at the US Federal Reserve.
It is possible that over the next few days or weeks, the Chinese will decide that they want the money that they have which is currently in the Fed's vault.
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Paul Craig Roberts urges people to
DUMP DOLLARS! |
Edited by - n/a on 02/27/2007 21:42:58 |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 02/28/2007 : 00:46:01
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Yes.
HoardCode0.1: M28/5CAON:CA5Ni27615:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
How to read a HoardCode:
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Frugi
Administrator
USA
627 Posts |
Posted - 03/01/2007 : 08:41:05
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Holy Shizen!! -161 points in 1st 3min of trading. The floor opened for trading at 8:30 CST on 3-01-07 and BAM!!!! -98 points, I refreshed my screen and WOW!!!! down and 161 points. This is a worse open than two days ago.
Real Eyes Realize Real Lies
Buy Less. Work Less. Live More.
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China stockmarket crashes, is it a good thing?
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