Asia stock markets getting ravaged to open Monday

Status
Not open for further replies.
D'ultimate said:
This. Why would you buy it now for a long term play when you have no idea how much farther and longer it will go down? Then it reaches a bottom and languishes there for an extended time. Meanwhile you could have made better plays elsewhere.

Why don't you just be patient with that? I mean literally any other play would be more understandable. Okay, maybe not. But oil. Ughh!
Click to expand...

Timing the bottom almost never works.
 
screenshot_2015-08-24xxs56.png
Click to expand...

.
 
down 2 orth said:
So why is the rest of Asia making gains as China continues to go down?
Click to expand...
It makes sense, other markets are realizing their problems aren't nearly as severe as China's and so they don't have to sell off as deeply. The markets in general are oversold and selling pressure is getting exhausted. Regardless of what the immediate future holds I expect a short term bounce.
 
Asian Markets are positive mid-day excluding China.

Let's not kid ourselves, the Chinese stock market's rally this year was insane and a correction was overdue.
 
Ecotic said:
It makes sense, other markets are realizing their problems aren't nearly as severe as China's and so they don't have to sell off as deeply. The markets in general are oversold and selling pressure is getting exhausted. Regardless of what the immediate future holds I expect a short term bounce.
Click to expand...

But aren't they so integrated with Chinese trade that any big change in direction that the Chinese economy goes, they go as well? Or is this only about a market correction and there's enough certainty that the Chinese economy will tough it out...
 
Looks like the Nikkei and the Hang Seng are back in the red alongside Shanghai Composite. European markets open soon, so it'll be interesting to see what happens there. US futures are up 1.5-2% atm. Curious to see where things are by tomorrow afternoon.
 
down 2 orth said:
But aren't they so integrated with Chinese trade that any big change in direction that the Chinese economy goes, they go as well? Or is this only about a market correction and there's enough certainty that the Chinese economy will tough it out...
Click to expand...

A lot of companies are depending upon high growth in the Chinese domestic market, but a lot of companies that have gone down recently still predominantly use the Chinese to manufacture their products for consumer markets like the U.S. or Europe and aren't too reliant on the Chinese consumer market yet. More modest Chinese growth isn't going to devastate them.

Really this Chinese selloff is just a case of too much, too fast. China has plenty of easy growth ahead of them. The "slowdown" is merely from consistent 10% growth years ago to 7% in recent years to something more modest. Ultimately though nothing has changed, China is still going to be an extremely large consumer market in the decades to come and companies like Apple are still going to sell truckloads of iPhones and consumer gadgets. It's just not there yet like a lot investors were hoping, and they almost believed they could will it into existence prematurely.
 
D'ultimate said:
This. Why would you buy it now for a long term play when you have no idea how much farther and longer it will go down? Then it reaches a bottom and languishes there for an extended time. Meanwhile you could have made better plays elsewhere.

Why don't you just be patient with that? I mean literally any other play would be more understandable. Okay, maybe not. But oil. Ughh!
Click to expand...

You have no idea what direction oil prices will go beyond what is priced by the market.

Edit: a story not getting a lot of press is that the rouble is trading around the value deemed a crisis 9 months ago.
 
fanboi said:
As someone who just invested a large sum this isn't so fun to watch.
Click to expand...

The best advice I can give you is don't watch - watching the day-to-day gyrations of the stock market is guaranteed to drive you crazy. I normally only check my 401k once a week or two, treating it like a sports score more than anything else ('hey, we were up today!', 'aw, down again'). Just focus on the long term.
 
maquiladora said:
Dow futures +605

#NiceTuesday?
Click to expand...

That's some volatility.

Idk I hate to feel like I missed some amazing deals but people should be careful.

You have to remember by the time you read this post supercomputers have run millions of simulations and are all betting against each other.

Good luck everyone :)
 
With volatility like this how can anyone continue to insist that markets, or people in general, are rational actors? Economies don't fluctuate by 10% (or even 1%) in 24 hours one way or another. But the stock market does!
 
Charlatan said:
The best advice I can give you is don't watch - watching the day-to-day gyrations of the stock market is guaranteed to drive you crazy. I normally only check my 401k once a week or two, treating it like a sports score more than anything else ('hey, we were up today!', 'aw, down again'). Just focus on the long term.
Click to expand...

I'm eating my happy pills all day long!
 
BronzeWolf said:
Can someone explain what are these "futures" things? Why are futures being up while Shanghai closed down a good thing?
Click to expand...

Futures is basically overnight trade orders. Lots of people have buy orders in that should execute as soon as the market opens, driving the price up or down.
 
Melon Husk said:
I think the true gamble is whether we go down another 10% or this was it. That depends on so many things - Fed, foreign economies, Chinese currency - the whole system is chaotic by nature. I'll say that if we close green tomorrow and Friday that's probably good... If we close slightly down on Friday then it's probably the former.



Oil?! Yuck.
Click to expand...

Uh not just oil, ExxonMobil.
 
Holy fuck what happened the last hour? After a nice rally all day, everything totally just getting destroyed.


We're now sitting at yesterday's LOWS.
 
SG-17 said:
What's the expectation of when the US interest rate hike comes? I'm going to be getting a mortgage in the next month and I want to avoid it.
Click to expand...

I'm in the same boat, except I'm not closing for several months, which makes me very nervous with all the looming rate hike talk. Before yesterday, everyone was saying the rate hike would be in September. As of the drop yesterday, they were saying it would likely be pushed to later this year instead. But if the market rallies back and everything is fine, who knows? It's nerve-wracking.
 
Doodis said:
I'm in the same boat, except I'm not closing for several months, which makes me very nervous with all the looming rate hike talk. Before yesterday, everyone was saying the rate hike would be in September. As of the drop yesterday, they were saying it would likely be pushed to later this year instead. But if the market rallies back and everything is fine, who knows? It's nerve-wracking.
Click to expand...

You do realize the rate hike would be like 15 basis points. That's symbolic more than tangible.
 
SG-17 said:
What's the expectation of when the US interest rate hike comes? I'm going to be getting a mortgage in the next month and I want to avoid it.
Click to expand...

Wasn't this actually causing some of the uncertainty that's rocking the boat? FEDS said they were going to raise rates but have acted rather wishy washy on that front IIRC.
 
Status
Not open for further replies.

Similar threads

Nvidia Stock Recovering!!
33
1K
Kamina replied
My Dad died this past Monday...
2
57
2K
RagnarokIV replied
  • Locked
Tesla sales tank in Europe as stock drops 40% in a month
NSFW  12 13 14 15 16
769
36K
Cyberpunkd replied
  • Locked
Does the entire world economy depend on the United States having its doors open to everyone?
39
1K
EviLore replied
  • Locked
Tesla sales crater 76% in Germany, stock down 40% since December 2024
Business  2
51
2K
Puscifer replied
Top Bottom