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All Korean Markets open up!
http://eng.krx.co.kr/index.html

Posted on 10/12/2008 5:13:15 PM PDT by big bad easter bunny

All are up, continue capitulation!!!


TOPICS: Breaking News; Business/Economy
KEYWORDS: asia; capitulation; globaleconomy; korea; markets

1 posted on 10/12/2008 5:13:15 PM PDT by big bad easter bunny
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To: big bad easter bunny

http://eng.krx.co.kr/index.html


2 posted on 10/12/2008 5:17:28 PM PDT by flyfree (Biden is no Palin and Obama is no McCain)
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To: big bad easter bunny

http://eng.krx.co.kr/index.html


3 posted on 10/12/2008 5:18:02 PM PDT by big bad easter bunny (I live so far beyond my means it could be said we live apart.)
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To: big bad easter bunny

S&P 500 +39.40 930.40 10/12 8:01pm
Fair Value 901.76 10/11 6:15pm
Difference* +28.64

NASDAQ +44.50 1327.00 10/12 8:01pm
Fair Value 1278.19 10/11 6:15pm
Difference* +48.81

Dow Jones +308.00 8678.00 10/12 8:01pm
DJIA Contracts


4 posted on 10/12/2008 5:19:19 PM PDT by teletech (Friends don't let friends vote DemocRAT)
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To: big bad easter bunny

NYSE closed Monday due to Columbus Day?

Right?


5 posted on 10/12/2008 5:23:26 PM PDT by Taking Congress back in 2010
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To: Taking Congress back in 2008
NYSE closed Monday due to Columbus Day?

Right?


Barron's Magazine says NYSE is open tomorrow.
6 posted on 10/12/2008 5:24:47 PM PDT by plsvn
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To: big bad easter bunny

Seems to be going up at the moment.

I checked on the exchange rate for the Korean won and it was 1390 won to the dollar. It hasn’t been that bad since 1997.


7 posted on 10/12/2008 5:26:58 PM PDT by Tamar1973 (Catch the Korean Wave, one Bae Yong Joon film at a time!)
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To: big bad easter bunny

Oy - I just got my stomach back from the last 5 days/nights of watching the Asian/Euro/American markets.

I shouldn’t have had a chili dog tonight :(

sigh...


8 posted on 10/12/2008 5:27:31 PM PDT by KeatsforFirstDog
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To: Tamar1973
"It hasn’t been that bad since 1997."

I was in Korea from 95-98 and remember when that hit. When I first went there, the rate was something like 750-800 Won x Dollar. In late '97 in a matter of weeks it shot up to something like 14-1500 Won x Dollar. For those of us that got paid by Uncle Sam, it was like the whole economy was on sale for 50% off.

9 posted on 10/12/2008 5:30:00 PM PDT by Joe 6-pack (Que me amat, amet et canem meum)
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To: TigerLikesRooster; AmericanInTokyo

ping


10 posted on 10/12/2008 5:30:17 PM PDT by Jet Jaguar (Who would the terrorists vote for?)
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To: teletech

So everything is now so underpriced that the water is warm?


11 posted on 10/12/2008 5:30:40 PM PDT by BobS
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To: big bad easter bunny

DJIA futures are up 266.

http://www.bloomberg.com/markets/stocks/futures.html


12 posted on 10/12/2008 5:33:57 PM PDT by yefragetuwrabrumuy
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To: Joe 6-pack

Yeah Joe...I remember those days. And for those of us doing business with Korean company’s and clients...it was like a long long funeral. They have a lot of uncertainty in their house. They are always doing a major job of ‘house-cleaning’ of their gov’t and big corporate execs. Its a bear.


13 posted on 10/12/2008 5:36:21 PM PDT by Tainan (Talk is cheap. Silence is golden. All I got is brass...lotsa brass.)
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To: big bad easter bunny

...and still going up as of now. :-)


14 posted on 10/12/2008 5:36:46 PM PDT by familyop (cbt. engr. (cbt), NG, '89-'96, Duncan Hunter or no-vote)
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To: yefragetuwrabrumuy

Bookmark


15 posted on 10/12/2008 5:36:56 PM PDT by tapatio
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To: Taking Congress back in 2008

Just the bond markets as the banks are on holiday.


16 posted on 10/12/2008 5:41:42 PM PDT by Cold Heat (Well....................................That's .....that.........)
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To: Taking Congress back in 2008

Columbus Day is about the only day of the year that the banks, post office most other governments offices (banks shortlY?) are closed but the NYSE is open-don’t know about the other stock exchanges.


17 posted on 10/12/2008 5:42:51 PM PDT by Maine Mariner
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To: Cold Heat
NYSE is open I believe-everything else closed stock market open on Columbus Day-been that way for at least 25 years.
18 posted on 10/12/2008 5:45:06 PM PDT by Maine Mariner
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To: Taking Congress back in 2008

National Holiday over here in Japan so Nikkei closed .


19 posted on 10/12/2008 5:45:56 PM PDT by sushiman
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To: BobS

Its getting there, but there is absolutely no sign of any bottom being formed yet. Until then, don’t try to pick one.
The volitility indexs are off the charts and you’ve got many panicking investors liquidating massive parts of their 401K and investment accounts to sit on cash. There is a total lack of confidence out there right now. They aren’t going to be jumping back in anytime soon. What I do expect soon is a pretty big short squeeze on some of the really quality names like Alcoa that have been beaten like a dog, but it may turn into a big ol dead cat bounce.
Play it very carefully. Make sure you have stops programed in tight. Don’t catch a falling knife.


20 posted on 10/12/2008 5:46:54 PM PDT by Proud_USA_Republican (We're going to take things away from you on behalf of the common good. - Hillary Clinton)
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To: plsvn
NYSE is open tomorrow, Columbus day. I beleive that the Bond market is closed though.

Perhaps the team of people that are trying to tank the markets have run out of cover from which to short. I don't expect 14,000 any time soon, but I see 9,000+ coming quickly.

21 posted on 10/12/2008 5:49:24 PM PDT by meyer (http://neverfindout.org/ - check out some good ads.)
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To: yefragetuwrabrumuy

I bought on Friday ..just confessed to hubby..fingers crossed. lol Go Go Go!


22 posted on 10/12/2008 5:53:11 PM PDT by Snappy1MarineMom (Don't Blame me I voted for Keys)
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To: sushiman

Thanks, I was wondering why there were no reports.


23 posted on 10/12/2008 5:55:24 PM PDT by flyfree (Biden is no Palin and Obama is no McCain)
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To: Joe 6-pack

Yeah, but for those of us living on the Korean economy, it really hurt trying to send $$ home to the States (to star paying off my student loans).


24 posted on 10/12/2008 6:06:45 PM PDT by Tamar1973 (Catch the Korean Wave, one Bae Yong Joon film at a time!)
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To: Maine Mariner
Yeah, just the bond market is closed, as was reported on Bloomberg. The banks are all closed, as are municipal offices, so that is why bonds are not trading.
25 posted on 10/12/2008 6:08:23 PM PDT by Cold Heat (Well....................................That's .....that.........)
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To: KeatsforFirstDog

In honor of this thread, you should have had a kimchi dog. ; )


26 posted on 10/12/2008 6:09:29 PM PDT by Tamar1973 (Catch the Korean Wave, one Bae Yong Joon film at a time!)
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To: Joe 6-pack

I was in Spain during the 80’s and sort of lived like King Juan Carlos. Three day weekend? Boom already scheduled Sleeper train to Alicante and hotel reservations in Benidorm.


27 posted on 10/12/2008 6:09:33 PM PDT by BobS
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To: big bad easter bunny

Australian Securities Exchange

UP

http://www.asx.com.au/


28 posted on 10/12/2008 6:09:59 PM PDT by flyfree (Biden is no Palin and Obama is no McCain)
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To: Cold Heat

As I recall the stock market on Columbus day is usually pretty quite; I think tomorrow will be an exception.


29 posted on 10/12/2008 6:15:59 PM PDT by Maine Mariner
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To: Maine Mariner

A big exception! There are trillions on the sidelines. I don’t know what it will close at, but the ride will be something.


30 posted on 10/12/2008 6:17:53 PM PDT by Cold Heat (Well....................................That's .....that.........)
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To: meyer
I don't expect 14,000 any time soon, but I see 9,000+ coming quickly.

Hope you're right. I bought DDM too fast trying to catch the falling knife. I probably need 10K on the DOW30 to go completely above water on that trade.
31 posted on 10/12/2008 6:20:11 PM PDT by plsvn
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To: big bad easter bunny
I wouldn't be surprised to see our markets hit 10k by the end of next week.
32 posted on 10/12/2008 6:44:49 PM PDT by tobyhill (If you don't give to the ghetto, the ghetto will take from you.)
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To: tobyhill
I wouldn't be surprised to see our markets hit 10k by the end of next week.

So what are you buying?

33 posted on 10/12/2008 7:01:09 PM PDT by unixfox (The 13th Amendment Abolished Slavery, The 16th Amendment Reinstated It !)
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To: tobyhill

I’ll dribble in about Tuesday or Wedneday. It seems like everybody is done throwing up.


34 posted on 10/12/2008 7:01:29 PM PDT by BobS
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To: unixfox

“So what are you buying?”

There are a lot of good buys if the dividends continue. Some of my stocks are paying between 18 and 24% dividends as of Friday’s prices. That has to entice some people.


35 posted on 10/12/2008 8:13:36 PM PDT by Parley Baer
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To: big bad easter bunny

Asia stock markets (note some did not open today, so check the dates)

http://finance.yahoo.com/intlindices?e=asia


36 posted on 10/12/2008 8:20:47 PM PDT by flyfree (Biden is no Palin and Obama is no McCain)
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To: big bad easter bunny

Our markets will open around +200. Doesn’t mean much. Look up “pullback” in a thraders dictionary. That is all this is. Dow is going to 7500-7200 support in next weeks.


37 posted on 10/12/2008 8:46:11 PM PDT by montag813
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To: big bad easter bunny

Bombay, India opens up 3.4%

http://finance.yahoo.com/intlindices?e=asia


38 posted on 10/12/2008 9:43:53 PM PDT by flyfree (Biden is no Palin and Obama is no McCain)
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To: big bad easter bunny

Asian markets looking good right now. Dow futures up 282, and hopefully will hold overnight. I’m looking for a nice big rally at the open so I can close out some of the long positions I picked up on the Friday dip. :)


39 posted on 10/12/2008 9:53:07 PM PDT by July 4th
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To: July 4th

I got behind on my 401K deductions this year but now I have designated maximum amount into the 401K - good time to buy. There must be huge amounts of pending automatic 401K deposits which should help lift the market.


40 posted on 10/12/2008 10:20:48 PM PDT by Kay
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To: big bad easter bunny
You people are dreaming......

The dow starts up 300, then finishes -300 for the day.

41 posted on 10/13/2008 3:50:56 AM PDT by central_va (Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
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To: big bad easter bunny
In Stars and Stripes today

CAMP RED CLOUD, South Korea — Americans may not have to wander far outside the base gates for a relatively safe investment with above average yields.

As the South Korean currency plummets to 10-year lows, the nation’s banks are aching for scarce U.S. dollars, and they’re willing to pay hefty interest rates for them.

On Friday, Stars and Stripes found that South Korea’s top banks are paying roughly 5.6 percent for one-month term deposit accounts, and as much as 6.6 percent for six-month deposit accounts.

Korean banks paying high interest rates for dollars

42 posted on 10/13/2008 9:13:08 AM PDT by GATOR NAVY (guess I'm just a spudboy)
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