aussiebear Posted August 24, 2015 Report Share Posted August 24, 2015 A brutal start for the early openers: Kiwis and Aussies -1.8%, Nikkei -2.2% and Sth Korea -0.3%.Aussie sectors doing the plunge: Energy -3.2%, Miners/IT -2.5% and Gold -2.4%. Link to comment Share on other sites More sharing options...
aussiebear Posted August 24, 2015 Author Report Share Posted August 24, 2015 https://au.finance.y...com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted August 24, 2015 Author Report Share Posted August 24, 2015 http://money.cnn.com...s/morning_call/http://www.kitco.comhttp://www.kitconet....ase_metals.html https://au.finance.y...com&s=CLV15.NYM Link to comment Share on other sites More sharing options...
aussiebear Posted August 24, 2015 Author Report Share Posted August 24, 2015 http://www.engrish.com/2014/06/am-en/ Link to comment Share on other sites More sharing options...
aussiebear Posted August 24, 2015 Author Report Share Posted August 24, 2015 Phew, major fallout in Asia...China -8.4%, Hong Kong -4.3%, Taiwan -5.5%... Link to comment Share on other sites More sharing options...
Jetlag Posted August 24, 2015 Report Share Posted August 24, 2015 For the kind of volatility in these markets not crash material, but a good start. I'd say a type 5 on the stool chart Asian edition Link to comment Share on other sites More sharing options...
Jetlag Posted August 24, 2015 Report Share Posted August 24, 2015 Honkers on the way to 15k, chart with Friday's close: China hardlanding bearish target 7.5k. Dont know where it will land if it overshoots (5 or 4k?). Link to comment Share on other sites More sharing options...
aussiebear Posted August 24, 2015 Author Report Share Posted August 24, 2015 All Ords sailed through 2014 supports like a hot knife through butter so now we're sitting in the region of 2013 support. The index finished -3.9% with mega losses in the sectors: Energy -6.1%, Miners -4.9%, Financials -4.7% and Materials -4.5%.A sea of red in Asia: China -8.5%, Hong Kong -5.2%, India -5.1% and Nikkei -4.6%. On to UK/Europe: https://au.finance.yahoo.com/ Link to comment Share on other sites More sharing options...
Jetlag Posted August 24, 2015 Report Share Posted August 24, 2015 Weird thing is dollar is down on panic. Market expecting no rate hike forever? Link to comment Share on other sites More sharing options...
aussiebear Posted August 24, 2015 Author Report Share Posted August 24, 2015 For the kind of volatility in these markets not crash material, but a good start. I'd say a type 5 on the stool chart Asian edition Margin loan holders edging towards Type 7... Link to comment Share on other sites More sharing options...
Jetlag Posted August 24, 2015 Report Share Posted August 24, 2015 Significant levels crossed here And commodities not getting a whiff of a bid even with Lord dollar stepping down a notch. This shows that China's hardlanding is not priced in by a long mile. Look at China's pre-WTO membership (September 2001) for price targets on cacamodities. Link to comment Share on other sites More sharing options...
Jetlag Posted August 24, 2015 Report Share Posted August 24, 2015 India's CB governor understands the markets, wish we had at least one CB head in developed markets that understood the importance of not boosting stock prices / free markets. Or more likely they read Adam Smith but prefer the Benjamins that go in their pockets for manipulating the market. “It is not the role of the central bank to elevate sentiments unduly, to deliver booster shots to the stock market so that it can soar for a while, only to collapse when reality hits,” Rajan told a conference in Mumbai on Monday. “We do not have to look far beyond our borders to see the consequences of such boosterism.” http://www.bloomberg.com/news/articles/2015-08-24/rajan-says-india-ready-to-use-reserves-to-stem-rupee-volatility Link to comment Share on other sites More sharing options...
Jetlag Posted August 24, 2015 Report Share Posted August 24, 2015 We're closing in on the mid-October Bullard-spouting-nonsense-about-QE low Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2015 Report Share Posted August 24, 2015 This is not about anybody's economy. With big China players outlawed from selling there, this has been the margin call heard round the world. They are liquidating whatever they can wherever they can. I wonder how long Treasuries can rally under this onslaught. Link to comment Share on other sites More sharing options...
JonLaw Posted August 24, 2015 Report Share Posted August 24, 2015 This is not about anybody's economy. With big China players outlawed from selling there, this has been the margin call heard round the world. They are liquidating whatever they can wherever they can. I wonder how long Treasuries can rally under this onslaught. I thought that what happened in China stayed in China. Link to comment Share on other sites More sharing options...
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