You are wrong.

Asia's economy is very much dependent on US and Europe, likewise is US and Europe Economy to Asia.

It is true that Asia economy is strong, but this is mainly because we are producing goods and selling them to the West.

The West is still our biggest consumer.

We can trade among ourselves, but this will not provide the growth we needed to substance our economy.

We need each other to grow, you better believe it, because if US and Europe economy are to collapse, Asia will not survive long too.

u must hv disconnected from the world after 2007

MARKET INDICES for June 7, 2010

Symbol Index

Straits Times  -54.63    2,751.88    KLSE Composite  -8.12       1,286.27    Nikkei 225  -380.39      9,520.80    Hang Seng   -401.92  19,378.15    Thailand SET  -11.63           759.85

http://sg.news.yahoo.com/ap/20100607/tbs-world-markets-f8250da.html

Problem seems like a cancerous thing _ it's spreading from smaller country to smaller country.

Selling spread in Asia on fears that Europe's debt problems could spread after Hungarian officials said last week the nation was at risk of a Greek-style fiscal crisis. Will spread to a big country like France or Germany ?, although that's unlikely,"

Asian mkts were also knocked down by disappointing U.S. jobs data. The U.S. govt's May jobs report showed (Fri) U.S. economy created 432,000 jobs last mth, far fewer than expected 513,000. Most jobs were temporary hiring by the govt for the U.S. census. Resulted underlined, US economic recovery is not yet picking up the momentum that investors have been looking for.

The Dow Jones industrial average plunged Friday 3.2 percent to 9,931.97.

To put things in the right place,

S&P futures was down -12 points when STI opened, now already up so much, only -5 points.  So from this morning all the while is RED but now less RED.  You are misleading actually.

I am grateful for the market improvement so I can let go with less pain... Happy man now. 

bishan22      ( Date: 07-Jun-2010 14:57) Posted: Dow future is RED. More downside.  NEW YORK (CNNMoney.com) -- Worries about the global economy have pushed the Dow Jones industrial average to a nearly four-month low -- and there's little in the week ahead to stop it from creeping even lower.

STI up a bit from its low this morning, but still below 2760.

All Asia Markets are flat.

Europe is still on the down slide, but at least it not affecting Asia much.

The 2nd Bull seems to be fizzling out, but today did not cancel the Bull Single.

I'll wait a couple of days and see before taking any action.

Good luck to all.

well..

now market like 2 days drop...one day up..

else just one day up...one day down..

but the down degree probably > then the up degree..

so like this how to play?

well...just go to buy put..

like warren PUTbet...

he is one of the forumer i admire the most...