Dow Jones down 400+ points…China’s index on its knees.
I’m sure glad I got one of the last available Duplexes in inventory on this side of the pond.
I hope things get better…soon!
The sky is falling! The sky is falling!
Hey, stop hijacking! Start your own thread!
[:D]
It’s kinda interesting that if this same thing had happened 40 years ago when the DOW was around 700, it WOULD be a major concern…and probably panic.
Tom
P.S. Crandell, is this the start of a new forum “chat” diner? Hey, it could be Italian and we can call it “Oh, oh! Spaghettios” [swg]
Italian, Rooshen, Zoroastrian, whatever, if it fits under “Oh, oh”… sure why not, Tom. [8D]
I just though I’d inject a little levity after the weekend. Some folks sounded a bit spent yesterday during our post-mortem.
Thanks to caellis for helping out. [bow]
Wooo hoooo! That means I made some money!Let it come rolling in! China futures are where its at!
Got my car fixed
It’s my birthday
Fixed my bumper
New taillights…
[bday]
It just doesn’t get any better, does it? [:D]
HAHA. As a self trained stock junky (that’s a mouthfull!), I think it should only be temporary.
It’s my understanding that the big drop in the China index only wiped out the gains made in the last six days. So a week ago the index was about where it is after the drop. Agree though that the chicken littles will be crowing now. And the “stock market is gambling” crowd will be out in force. Sounds like a buying opportunity to me.
That’s exactly right, I think. I’d wait and see what happens tomorrow and if it is down, start buying!
Not really sure how or if this affects me at all, was rooting for high intrest rates but my situation has changed for a few years so I guess this is as good a time as ever to crash as intrest rates will probly go down but who knows, last time the market tanked the real estate market went though the roof, whoever got that right got rich.
Oh, oh!
Looks like we will all have to start playing poker and betting on horses if the NYSE does not work out.
[8]
Now would be a good time to start building up those private accounts that shrub wants everybody to go to. Bad mistake in my opinion.
Does this mean that model railroad stuff made in China gets cheaper? Can you imagine if the Wall Street Journal reported that P2K locomotive futures fell 10%? The financial capitals of the world would overflow with irrational exhuberance. Brokers would trade in their pinstripes for overalls and old-style engineers’ caps. CNN would move its headquarters to Milwaukee.
Galaxy,
I love that Geico commercial.
Analysts and economists had been expecting the Chinese stocks to have a large downward adjustment due to the markets in China being overvalued. Such conclusions were based upon comparisons between stock prices and earnings.
A pull back was also anticipated for US stocks. DJIA was at 11000 last summer and recently was about 12500. It was time for a correction.
Will prices of Chinese imports decline?, (asks Mr. Beasely). No, not at all. Look at all the preasure in Washington to cut back on Chinese imports, for example. Chinese currancy exchange rates have been artificially held down by its government. Experts expect China to ease back on its controls of exchange rates and its currancy will be more expensive in global markets. That will make its goods more expensive in global markets. Furthermore, US currancy has declined in value in currency exchange markets. That means that imports into the US become more costly. The days of low prices for Chinese-made stuff are numbered.
Aaah…so I really was smart to snap up that Duplex after all, Garry? [dinner]
To get slightly more serious, though, since you seem to be taking the news that way (and why not), Daimler wanting to unload Chrysler and Ford laying off so many people can’t be a good sign of things to come…? Lean Christmas to come for many families…some of whom will perforce miss out on the latest MRR offerings.
-Crandell
Well, Selector, the long term trends have not favored manufacturing jobs in the USA. Now 10% of jobs are in manufacturing vs. about 1/3 of jobs immediately after WWII. But, other jobs are okay. Unemployment is below 5% and there are shortages of skilled workers outside of manufacturing. The current economic expansion is 4th longest since WWII and is projected to continue through 2008 by the Federal Reserve’s economists.
I don’t see any rush to beat higher prices for Chinese imports. However, I think prices for Chinese stuff will be on an upward trend. That said, look at retail prices for P2k and P1k after Walthers aquired Life Like vs before Walthers acquired Life Like. .
I see what you mean. The newest Heritage Series Berks are getting half-ways toward brass if one is wanting one wth sound so badly that he’ll pay full retail.
Good quality HO stuff is just as much as new Lioinel these days.