Dow?
- Thread starter irvinehomeowner
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Shanghai Index slammed by 9%!! Dow Futures Now Down 490pt!! oh wow. Some fear in the market now. Tomorrow definitely will be very interesting and volatile especially in the opening hours. Bye bye Fed hike in Sep.
Dont think they can just do that right
That would be extremely silly especially since they just voluntarily depreciated the yuan and the move would move their biggest customer back into rescission.
US holds a lot more leverage over China with respect to the bonds.
To get a sense of how robust demand is for U.S. Treasuries, consider that China has reduced its holdings by about $180 billion and the market barely reacted.
Benchmark 10-year yields fell 0.6 percentage point even though the largest foreign holder of U.S. debt pared its stake between March 2014 and May of this year, based on the most recent data available from the Treasury Department. That?s not the doomsday scenario portrayed by those who said the size of the holdings -- which peaked at $1.65 trillion in 2014 -- would leave the U.S. vulnerable to China?s whims.
lnc said:All Asia's stock index are down significantly.
DOW future are down more than -300.
Tomorrow's going to be interesting. >
Shanghai Index slammed by 9%!! Dow Futures Now Down 490pt!! oh wow. Some fear in the market now. Tomorrow definitely will be very interesting and volatile especially in the opening hours. Bye bye Fed hike in Sep.
irvinehomeowner
Well-known member
Considering how high the Dow has been flying this last year, is this just a correction?
irvinehomeowner
Well-known member
Buy low... sell high.ps9 said:
aquabliss
Well-known member
Oddly enough this is somewhat a sigh of relief. Everyone knew this correction was coming - just let it do it's thing and work itself out and we can get back on track. Sure, it may take some time to get back to the levels of 2 weeks ago, but just keep dollar cost averaging during the correction and you'll be fine in the long run.
J
jmoney74
Guest
aquabliss said:
Dont think they can just do that right
Irvinecommuter
New member
qwerty said:
That would be extremely silly especially since they just voluntarily depreciated the yuan and the move would move their biggest customer back into rescission.
US holds a lot more leverage over China with respect to the bonds.
paperboyNC
New member
http://www.bloomberg.com/news/artic...u-s-debt-stake-by-180-billion-and-bonds-shrugaquabliss said:
To get a sense of how robust demand is for U.S. Treasuries, consider that China has reduced its holdings by about $180 billion and the market barely reacted.
Benchmark 10-year yields fell 0.6 percentage point even though the largest foreign holder of U.S. debt pared its stake between March 2014 and May of this year, based on the most recent data available from the Treasury Department. That?s not the doomsday scenario portrayed by those who said the size of the holdings -- which peaked at $1.65 trillion in 2014 -- would leave the U.S. vulnerable to China?s whims.
The Motor Court Company
Well-known member
it is kind of scary that China is one of the few, if not the only large economy left whose central bank/government still has the ammunition to pop up the market. But once China runs out its bullets, the next (next) crisis is going to bring WWW III