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Good Morning!
Posted by: Dale Franks on Wednesday, February 28, 2007

Well, let's see...what's happening in, oh, I dunno...Asia this morning?
Japanese share prices tumbled 3.56 percent in morning trade Wednesday, tracking a rout on global markets on fears of a US economic slowdown and concern over China's possible stock bubble...

The TOPIX index of all first-section companies dived 70.36 points or 3.88 percent to 1,740.97 by the break.

Singapore also opened down 4.82 percent lower, in line with continued falls in regional markets.

The Straits Times Index opened down 155.89 points or 4.82 percent at 3,076.13...

In Australia the benchmark SP/ASX 200 was down 3.02 percent at 5,813.0 at 10:25 am (1125 GMT) while the broader All Ordinaries index plummeted 3.14 percent to 5,789.7, following the lead of Wall Street overnight.
Oh. Well. Hmmm.

Still, not to worry.
But analysts said the fall, which came just 36 hours after the market closed at new record highs on Monday, was a correction that was well overdue, and urged investors not to panic.
Ah. OK. Carry on then.

On the other hand, after a 400+ point drop on the Dow yesterday, and follow-through in Asia this morning, if you were planning on buying any stocks today...well...good luck with that.
 
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Previous Comments to this Post 

Comments
Actually, buying stocks today should be ridiculously easy, as the easily panicked panic sell.
 
Written By: Jeff Medcalf
URL: http://www.caerdroia.org/blog
If the trading programs keep up. Yesterday they didn’t.

I think he meant good luck with making any money, and I ain’t sure this year is going to be so kind.
 
Written By: Lance
URL: http://asecondhandconjecture.com
"...if you were planning on buying any stocks today...well...good luck with that."
Excellent advice. Today is an excellent day to buy stocks. And a bad day to sell them.
 
Written By: notherbob2
URL: http://
Opening bell +65!
 
Written By: markm
URL: http://
I’m guessing Paul Krugman predicted this.
 
Written By: Aldo
URL: http://
Good time to invest in gold?
 
Written By: ChrisB
URL: http://
My China mutual fund (MCHFX)was up 85% in about a year. I think a small correction is not unreasonable.
 
Written By: Harun
URL: http://
ChrisB,

Yes.
 
Written By: Brad Warbiany
URL: http://unrepentantindividual.com/

 
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