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DOW

fear catalyse selling n greed reduces/wipe out profits. 

 

goodness gracious...imagine the unthinkable...we just came down to a psychological barrier below 13,000...can you imagine it going below 12,000? hahah` of course i kinda doubt it will go that low in reality...but the current plunge is really a disaster.. -200 over points down now at 12.15am? WHOA!

 

Waa...tau lau sai....almost 2% already....

But those US chaps seem to be still +ve with the market.

Why is it so? Really just trying to calm the market?

 

bleed profusely over short period better than slow bleeding continuously over long period of time.

 

-244 pts. If its ends like this tomorrow I am liquating ALL my stocks from last year else I wont have any profit left.

 

resistance break down,,,,,heavy selling coming......gone case who borrow money to purchase share,,,,200point then 300point.......anothe melt in asia market.......another bottomm again....gone case.....

 

WASHINGTON (AFP) - - International market turmoil will hit US growth but not push it into recession, US Treasury Secretary Henry Paulson said in an interview published Thursday.

Global share falls sparked by fears over the US mortgage market "will extract a penalty on the growth rate" of the US economy, Paulson told the Wall Street Journal newspaper.

But he added that "the economy and the markets are strong enough to absorb the losses" without provoking a US recession.

Paulson highlighted that the troubles had hit markets "against a backdrop of a very healthy global economy with strong fundamentals."

"Looking over periods of stress that I've seen, this is the strongest global economy we've had," said Paulson who was chief executive of Goldman Sachs bank.

He said some "entities will cease to exist" because of the troubles and that the market "adjustment" would go on but the US economy would still keep growing.

Paulson said the greater difficult in getting loans for more risky US home buyers "shouldn't surprise anyone." He said the change had been "inevitable."

"When you have periods of benign markets, particularly in situations where parts of markets and the economy are growing at levels that are unsustainable, market participants aren't going to be as vigilant as they should be," he said.

Paulson said the strength of the global economy is one major difference between this crisis and the international falls in 1998 after Russia's debt default and currency devaluation and the collapse of hedge fund Long Term Capital Management.

The US treasury chief said the integration of economies and markets over the past decade and the large increase in the number and size of private capital sources had also helped.

Paulson said the US administration had little ability to influence the troubles outside the action it has already taken, through Federal Reserve cash injections.

"There is nothing, in my judgment, that we should be doing in terms of guaranteeing market participants against losses or in terms of restraining risk taking," Paulson said. "One of the natural consequences of the excesses is that some entities will cease to exist."

He called for tougher standards in giving mortgages in the United States. "Clearly, there really needs to be a focus on mortgages and how the product is originated and sold," he said.

 

wah! now down -200 pts!!

 

10 years later... Global Financial Crisis looming in 2007 ?...

 

DOW is really down  further.... 180 pts.... Really bad ....

 

worst not over yet,,,,,,selling will again at 1pm usa time,,,,,,,,,,,dump until fed res to lower the int rate than can strong rebounce,,,,,,,,so every one jus hold cask look closely fed res take action.......bottom fisshing akang datang but not now,,,,,,,,not tomorrrow.......maybe

 

Seams like lowest is seen if no further bad news, as the interday graph show hitting bottom and turn sign. May see a +ve tomorrow morning if nothing go wrong.

 

just short (avoid spc).

 

thinking what will happen tml.

 

-130 now... 

 

Oh no.... Dow is now down almost 100 points on open.... 

 

volatile n how red, tt"s all.

 

DOWn

 

LONDON (CNNMoney.com) -- U.S. stocks are likely to take another pounding Thursday, even as Treasury Secretary Henry Paulson attempted to alleviate fears about the economic fallout from the turmoil.

At 4:31 a.m. ET, Nasdaq and S&P futures were lower, with a comparison to fair value pointing to a negative start for Wall Street.

 

WOW LAU A!

As at 11:55am DOW DOWN

182.00points