Isaac (edited), you beat me to the punch, I had not read your last post, before I posted again. The Asian situation is very scary to me. I've been watching them tank the last couple nights, with no one really commenting. All of a sudden, late this afternoon, CNBC decides to make an issue out of it. I'm hearing that the sell off late this afternoon may have been related to China concerns. Last fall no one devalued that I know of. If China were to devalue could set off a nasty chain of events. Of course the thing to do for now is to hold IMO. Fortunately my investments this week are all up other than one. It'll work out with time, and could be a non-event, one day disaster, or couple month disaster. There is a lot of world interest in preventing major problems in any country as we have witnessed recently. So far tonight, things aren't looking that bad...only Asian markets trading Japan down .34%, South Korea down .57%. China and Hong Kong will be the ones to watch tonight. S&P 500 futures actually up a point or so at the moment. I don't think we've heard the last of Asia problems yet, but tonight may have just been panic created by CNBC. At 3:30 or so they were talking how if Hong Kong falls below 10000, really no support down to 8121 or something like that. Sometimes I think we'd all be better off without CNBC. Course then we wouldn't have seen Mr Johnson this morning.
I appreciate your input as always, and your confidence as well as others in AGPH is reassuring. I am a little jumpy tonight...this can be a tough business.
sf |
