DrStool Posted November 24, 2008 Author Report Share Posted November 24, 2008 Asia down across the board. Zero catchup on Friday's US rally. My guess is that the Dow will open tomorrow down about 700 points. Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2008 Author Report Share Posted November 24, 2008 I want to emphasize that that's just a guess. A hunch. Nothing more. Link to comment Share on other sites More sharing options...
psyche doctor Posted November 24, 2008 Report Share Posted November 24, 2008 Asia down across the board. Zero catchup on Friday's US rally. My guess is that the Dow will open tomorrow down about 700 points. Sheesh! maybe I should sleep on my Nq shorts! Link to comment Share on other sites More sharing options...
kaotic Posted November 24, 2008 Report Share Posted November 24, 2008 C will be nationalized, or pseudo-nationalized, or whatever it takes to prevent it from collapsing. It's 2 BIG 2 FAIL -- was there ever any doubt about this? A lot of people also thought that LEH was too big to fail as well due to their commerical paper underwriting's. With the charts teetering right on the edge with the SPX/DOW already testing their 02' lows, one must begin to discount the obvious. They may very well allow C to go by the wayside here since they are just too overleveraged to be saved. I still expect a circuit-breaker event before this leg is finished this year. We will see true crapitualtion before '08 is out. I don't see or feel anywhere close to it right now... Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2008 Author Report Share Posted November 24, 2008 In my mind, Citi is too big to bail. Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2008 Author Report Share Posted November 24, 2008 Can anyone cite an example of Asia not following through on a US rally, at least in their early going? This has to be very unusual. Link to comment Share on other sites More sharing options...
kaotic Posted November 24, 2008 Report Share Posted November 24, 2008 Can anyone cite an example of Asia not following through on a US rally, at least in their early going? This has to be very unusual. Can't site a direct example but from what I have seen the last few months there has been is a very distinct pattern: The US rallies hard on a particular day but the following Asia/Europe session fails to confirm, then the next US session closes down at least 2-5%. Link to comment Share on other sites More sharing options...
FauxCaster Posted November 24, 2008 Report Share Posted November 24, 2008 Can anyone cite an example of Asia not following through on a US rally, at least in their early going? This has to be very unusual. I believe it was 1987. Link to comment Share on other sites More sharing options...
capitall Posted November 24, 2008 Report Share Posted November 24, 2008 In my mind, Citi is too big to bail. What happens if an institution is too big to bail but also too big to let fail, because of all the counterparty risk that would bring too many other institutions down with it? With BSC and LEH, I guess GS must not have had significant counterparty risk, so BSC and LEH were expendable. Link to comment Share on other sites More sharing options...
The End Posted November 24, 2008 Report Share Posted November 24, 2008 Can anyone cite an example of Asia not following through on a US rally, at least in their early going? This has to be very unusual. Japan was up on Friday following our 52 points drop on Thursday. Chit happens. We shall see what the morning brings. Link to comment Share on other sites More sharing options...
alceringa Posted November 24, 2008 Report Share Posted November 24, 2008 Asian markets don't move in lockstep with each other on a short term/daily basis, so making any observations about "Asian Markets" following/not following the USA is problematical. In any case, the JSE is closed for "Labor Thanksgiving Day" so the Big Daddy Asian Exchange isn't even open. Link to comment Share on other sites More sharing options...
kaotic Posted November 24, 2008 Report Share Posted November 24, 2008 Citigroup To Receive Equity Infusion Of $10 Billion to $20 Billion - Crapvision They will run through that before the week ends! Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2008 Author Report Share Posted November 24, 2008 Asian markets don't move in lockstep with each other on a short term/daily basis, so making any observations about "Asian Markets" following/not following the USA is problematical. In any case, the JSE is closed for "Labor Thanksgiving Day" so the Big Daddy Asian Exchange isn't even open. Seems to me that while they don't move in lockstep as you say, they do tend to move in the same direction, and they do tend to follow the US lead. That's just my impression. And my impression is that they usually follow the last US session, at least in the early going. The fact that they haven't tonight may not be significant given that the big dog is closed. So far the US futures are mushy. My gut feeling is that the reaction to whatever deal is reached on Citi will be negative. Can't wait to see how this turns out. Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2008 Author Report Share Posted November 24, 2008 Hang Ten back to even. All's well with the world. See you in the morning. Look's like it's all no big deal. Link to comment Share on other sites More sharing options...
lineup32 Posted November 24, 2008 Report Share Posted November 24, 2008 I believe it was 1987. Link to comment Share on other sites More sharing options...
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