You guys are citing Saudia Arabia being down 5%. They dont
trade but from Sat-Wed. So in other words they didnt trade
off of US markets from Thurs and Fri action. And the SPX fell
4.5% almost on Thursday and Fri combined. And oil prices were
down EVEN MORE!
Saudi would have likely been down this amount with or without a
credit downgrade.
You guys have all weekend to stop and think. Now read
before jumping to conclusions. I wouldnt be shocked to see us
open down 15 handles in SPX... and rally all day.
There was a protest on the streets of Tel Aviv involving tens of
thousands Saturday night, Look into what's happening in
Israel before you jump off a cliff.
the Euro central bank meeting later today. If they decide to
aggressively buy Italian bonds in the open market then we might
even rally on Monday if they don't then down we go by how much it
anyones guess.
CALM DOWN!!
Posted by mlorr on 7th of Aug 2011 at 02:03 pm
You guys are citing Saudia Arabia being down 5%. They dont trade but from Sat-Wed. So in other words they didnt trade off of US markets from Thurs and Fri action. And the SPX fell 4.5% almost on Thursday and Fri combined. And oil prices were down EVEN MORE!
Saudi would have likely been down this amount with or without a credit downgrade.
You guys have all weekend to stop and think. Now read before jumping to conclusions. I wouldnt be shocked to see us open down 15 handles in SPX... and rally all day.
http://www.tadawul.com.sa/wps/portal/!ut/p/c0/04_SB8K8xLLM9MSSzPy8xBz9CP0os3g_A-ewIE8TIwMLf3czA0_vIKegIBN_QwNDQ_3g1Dz9gmxHRQAbBXpR/
" Trading Days :One session, Saturday through Wednesday except official holidays.
Trading in Equities and ETFs :11:00 am - 03:30 pm
Trading in Sukuk & Bonds :11:30 am - 03:00 pm"
but now that you mention
Posted by marketguy on 7th of Aug 2011 at 02:12 pm
but now that you mention it...explain Israel mlorr....
That's easy. The Israeli market
Posted by hamvestor on 7th of Aug 2011 at 02:24 pm
That's easy. The Israeli market was closed Friday for the Sabbath, and did not have a chance to react to Thursday's plunge in the US markets.
There was a protest on
Posted by dblue on 7th of Aug 2011 at 02:46 pm
There was a protest on the streets of Tel Aviv involving tens of thousands Saturday night, Look into what's happening in Israel before you jump off a cliff.
a "protest" is going to
Posted by marketguy on 7th of Aug 2011 at 02:53 pm
a "protest" is going to limit their mkt down huh? sure...uh, uh....
The protest in Israel are not about the market being down
Posted by mrab on 7th of Aug 2011 at 03:04 pm
it about higher cost of living
http://www.huffingtonpost.com/2011/08/06/israel-protests_n_920274.html
and political tensions will contribute to the instablility of the Israeli stock market, it's not just about the US downgrade.
I read that too..... Russia is only slightly down.
Posted by zach06 on 7th of Aug 2011 at 03:47 pm
From Doug Kass: DougKass Douglas Kass On Meet
Posted by young on 7th of Aug 2011 at 02:25 pm
From Doug Kass:
DougKass Douglas Kass
honestly, I'm hoping the more
Posted by marketguy on 7th of Aug 2011 at 02:11 pm
honestly, I'm hoping the more bearish outcomes we post the more likely it is we open "up" on Monday!
How the markets open will depend mainly of what come out from
Posted by mrab on 7th of Aug 2011 at 02:17 pm
the Euro central bank meeting later today. If they decide to aggressively buy Italian bonds in the open market then we might even rally on Monday if they don't then down we go by how much it anyones guess.
Whose not calm?
Posted by Robert50 on 7th of Aug 2011 at 02:11 pm
Whose not calm?