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1/22/08: Asian markets dropping 5% again? (yahoo.com)
8 points by kf on Jan 22, 2008 | hide | past | favorite | 7 comments



One nice thing about being poorish is not having to worry about the markets.

Isn't working on your projects fun?


:)

Still, if 2 days in a row of market fall turns into 3 days, then 4 days, then an entire week, we may all have a problem...


Here in India, the market has essentially been in free fall, losing almost 25 % value in the last few days. (it seems to have satbilized a bit now). Which, in turn, makes it a good time to buy if you are a "fundamental" investor.


This week we'll have earnings reports from outside the financial sector, thank god. Hopefully the lack of bad news will stabilize things. A strong Apple earnings report may help out some of the tech stocks.


We all have a problem. Trust me.



I think I was in the mad rush to get out of foreign stocks. My fund company was giving me sh-t about selling everything (or almost everything) on Saturday...now I think I know why. They only have about 1 percent cash on hand, and it was probably running low. I was just going by instinct, but apparently everyone else was doing the same. Gamblers only, at this point.




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