I might also be wrong, but i believe they curb the program trading before they halt it all.
It is not voice of reason that's rulling the market, it's PANIC. I wish they'll listen to the words from D.C. that US market is on solid grounds and will continue to grow (maybe at a slower pace, but grow, never the less). It's the uninformed fund managers and fearful short term traders who are contributing to this.
It's sad that they even need to hear these words; some U.S. companies with sales in Asian markets will get impacted, others won't, few who import from there (e.g. parts) will even benfit. It's very basic. Anyway, an HP employee was telling me that HP's best earning years has been when SEA has had troubles -- goes to make the point I'm making.
BTW, I don't blame the big guys for wanting to protect their gains. I think they're just gauging markets fear and over reacting. Anyway, they're creating some interesting buy opportunities, mostly for themesleves, and some for small guys like me.
Hang Seng -15.45%, Nikkei -4.49%
Ouch! In his nightly news interview, secretary of treasury refused to comment on the possibility that if Japanese conitnue to hurt will have to pull some of their money from US to cover some of their problems. I wish he had answered it.
Sorry about this long post, good night. |
