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Old 01-28-2008, 12:28 AM   #1
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The market in Asia is stinking up a storm. At the moment Hang Sing is down over 4.7, Japan 3.7, AU isn't open yet.

Lucia's buckets looking better all the time.
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Old 01-28-2008, 12:32 AM   #2
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On Monday, sometimes Asia is just following the US move on Friday. A better indicator is the futures market, which currently suggests that the DOW will open down 135 on Monday.

Bloomberg.com: Futures
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Old 01-28-2008, 12:59 AM   #3
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Twaddle is right. And Australia won't open today as it is Australia Day. Also, they are 3 hours ahead of HK/Sing, so they would have been open by now. Just thought you'd like to know...
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Old 01-28-2008, 10:23 AM   #4
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On Monday, sometimes Asia is just following the US move on Friday. A better indicator is the futures market, which currently suggests that the DOW will open down 135 on Monday.

Bloomberg.com: Futures
So far, so good - - it was down a little earlier, but it's up 23 at the moment.
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Old 01-28-2008, 12:23 PM   #5
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An up DOW surprised me this am. If the economic data looks good the Fed may not lower rates as the market expects.... and then, who knows.
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Old 01-28-2008, 01:40 PM   #6
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An up DOW surprised me this am. If the economic data looks good the Fed may not lower rates as the market expects.... and then, who knows.
It's hard not to be surprised with this crazy market! It has sure had some moments of surprising volatility.

Maybe the Fed will just take it down one tiny tweak (0.25%) or maybe not. I'd really be surprised if they took it down more than that. But then, surprise and befuddlement seem to be my normal market reactions for the past couple of weeks.
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Old 01-28-2008, 06:41 PM   #7
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Maybe the Fed will just take it down one tiny tweak (0.25%) or maybe not. I'd really be surprised if they took it down more than that. But then, surprise and befuddlement seem to be my normal market reactions for the past couple of weeks.
I read one finance article today saying that the market has priced in a 0.50% drop, and that too little and the market would throw a hissy fit and drop, too much and the market would think there's more to worry about and drop. So it sounded like the market wants 0.50%, no more, no less.

I'm leaving alone whether it's right or good for the market folks to be asking or telling the Fed Reserve crew what to do.

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Old 01-28-2008, 10:00 PM   #8
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Buckle your seat belts, hitch up your drawers....

Because we're on a rollercoaster!

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