Skip to comments.Asian stocks set for losses on emerging market fears
Posted on 01/26/2014 3:04:49 PM PST by Red in Blue PA
Asian equity markets are expected to kick off the week with losses after a sharp sell-off in emerging-market currencies last week spooked investors.
Markets in Australia are closed to observe 'Australia Day.'
Trade in Japanese stock futures indicate the benchmark Nikkei is set to extend declines following Friday's 2 percent fall. Osaka futures dropped 2.7 percent to 15,020, nearly 400 points below the Nikkei's previous close.
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May you live in interesting times.
Japan’s economic numbers come out in about an hour.
For those who want to pop some corn and watch tonights activities;
I read the Bank of China just suspended cash transfers.
I’m watching the Nikkei as well. I got out of the market completely last Thursday. I just hope the crash wont be so bad that it doesn’t matter if I did or not.
I sold some stocks and moved that money into gold mining stocks. Never thought I would own gold mining stocks in my life, but they have been so out of favor they must be near a bottom. HSBC downgraded them last week and it had no effect.
I’m out too. If it crashes, I hope to see the real bottom before jumping back in.
I think it’s going to be a long slide until the summer. Summer employment and activity is going to foster a short stock recovery, but who knows if it’s enough.
Any strong downward move, with the market so leveraged, is probably just going to keep going.
Have part of retirement fund I can choose where to put in an International Stock Fund that is negative for January, most of that last week. Should I get out of that now?
Sentiment has been far too complacent. Nearly every analyst on TV agrees stocks are going up again this year, even after years of an upward move, topped by a 30% upward move last year. When sentiment gets that positive, we are due for a correction. And because this market is built onto assumptions of easy money (QE), any fall could be prolonged and painful.
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I am 90% out.
Futures are open as of 5pm CST, and things look very weak in the S&P. We could see some crazy tonite and tomorrow.
When QE stops, this market will drop like a rock.
How long can QE go on? I have no idea.
I used to be in aggressive technology stocks, but have moved in the past 2 years to more defensive names (XOM, PG, HRL, SBUX) but still own RGR and CAB, along with tech names ASML and CSCO. I am trying to figure out if I want to try timing this or riding it out, as many people who got out in 2008 missed one heel of a ride.
That is always a danger and must not be discounted, though we are closer to the top than to any bottom as of right now.
Yup. Nikkei is 20 min out.
Place your bets.
I’m thinking -5% with the same in Euro markets and at the DJIA.
Obama’s gonna look like he’s talking out of his ass to even the most stalwart supporter if he’s talking unicorns farting rainbows while the market’s dropping heavily during the State of the Union.
Not looking too bad yet.
Only 2% down in Japan and Korea. The trade def. numbers in Japan might drive it lower.
There was much fear in American markets on Friday.
After years of no fear whatsoever, I believe the fear quotient is only beginning.
It’s now down 3%.
Well, it looks like it’ll hover at -2.5% and then either drop like a rock or rise slowly. I think they’re waiting for the Hang Seng.
Hang Seng down -2.5 looks like Nikkei will break -3
..... I’m sure the default of the Chinese Gold Trust at the end of the week is spooking the markets quite a bit right now.
And the Chinese Bank Holiday on Cash won’t help either....