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StatMeister
#21 Posted : Friday, August 05, 2011 8:09:03 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
The waters are looking murkier by the day. Moody's, Fitch uphold AAA rating, but a Chinese rater downgrades (from A+ to A). S&P must have encountered a #DIV/0! error in their calculation.

And the markets reacted the only way they know how to - South.

http://www.bloomberg.com...c-slowdown-concern.html

http://english.cri.cn/69...1/08/04/2741s651988.htm

http://online.wsj.com/ar...4576486481793462482.html
A bad day fishing is better than a good day at work
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Sober
#22 Posted : Friday, August 05, 2011 9:33:07 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
THINGS ARE RED!!!
Dow Jones down 4.31%, Nasdaq down 5.08% FTSE 100 down -3.43%, Dax down 3.40%, Cac 40 down 3.90%
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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StatMeister
#23 Posted : Friday, August 05, 2011 9:38:31 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
My worry is the emerging markets indices, but these are down too. Traders opting for debt or something.

Why is the market not open?
A bad day fishing is better than a good day at work
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lovely2010
#24 Posted : Friday, August 05, 2011 9:45:03 AM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
StatMeister wrote:
My worry is the emerging markets indices, but these are down too. Traders opting for debt or something.

Why is the market not open?


I've asked myself the same question...or is it a public holiday?
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Cde Monomotapa
#25 Posted : Friday, August 05, 2011 9:51:04 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cheap oil=good life!! Don't panic!!
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Mainat
#26 Posted : Friday, August 05, 2011 9:54:52 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
There is a general worldwide panic in the markets today. Won't be surprised if the NSE has put some kind of circuit breaker.
Sehemu ndio nyumba
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mlennyma
#27 Posted : Friday, August 05, 2011 9:56:00 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Kifunguo ya soko imepotea
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#28 Posted : Friday, August 05, 2011 10:03:19 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
Kifunguo ya soko imepotea

Laughing out loudly Laughing out loudly
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StatMeister
#29 Posted : Friday, August 05, 2011 10:19:58 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Cde Monomotapa wrote:
mlennyma wrote:
Kifunguo ya soko imepotea

Laughing out loudly Laughing out loudly


Pia ya NYSE (I think stock derivatives) ilipotea jana
A bad day fishing is better than a good day at work
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Sufficiently Philanga....thropic
#30 Posted : Friday, August 05, 2011 11:04:52 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Cde Monomotapa wrote:
60 dollar crude!!

Here we come!
@SufficientlyP
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