India Trade Stop!!

[nascar]

INDIA TRADE STOP!!
Quote

First 2 minute and circut breakers kicked in ...

per cnbc via the net

 

[pinkmandy]

Yep, down another 11.5% in the first 2 minutes.

 

[tuckessee]

I believe the stop was a temporary one (1 hour).

 

[pinkmandy]

Tuesday so far...


India's Sensex: -11.5% HALTED
• Japan's Nikkei 225: - 5%
• Hong Kong H-shares: -11.2%
• DJIA futures: Down 497 points
• Hong Kong's Hang Seng: -8.4%
• Taiwan: -6.6%

http://www.marketwatch.com/

 

[AceNZ]

India's market usually doesn't decline in response to dips in Asian markets, so this seems particularly significant from that perspective.

 

[Fox McCloud]

India's market usually doesn't decline in response to dips in Asian markets, so this seems particularly significant from that perspective.

I just would like to know if this was all planned/arranged, or if this was accidentally engineered.

If it is arranged, I expect this to lead to a one world currency.

if not....well, it might happen later anyways (seize the opportunity).

 

[tuckessee]

BSE is back up. It's bouncing around at aprox. 7.00 down.

 

[bclemms]

I wonder if India has a plunge protection team of some sort.

 

[Fox McCloud]

I wonder if India has a plunge protection team of some sort.

any country that has a central bank does

 

[bclemms]

any country that has a central bank does

Yeah, just wondering if they dumped a ton of money during the down time. That market is bouncing all over the place. It is going to be an interesting day to say the least.

 

[davver]

I can't believe this happened on MLK day.

 

[Fox McCloud]

Yeah, just wondering if they dumped a ton of money during the down time. That market is bouncing all over the place. It is going to be an interesting day to say the least.

the real question is; is the market too powerful for them to control at this point?

at some point, the monster that they've created will collapse under its own weight, no matter how much they pump into it.

and thus the danger...the banks could end up crashing our economies and currencies all at the same time....setting the world up for a very bleak future.

 

[specsaregood]

If it is arranged, I expect this to lead to a one world currency.

Such as... Gold?

For ten centuries Byzantine coins were accepted all over the world, and Byzantium dominated trade for thousands of miles in every direction from Constantinople. Even the royal accounts of medieval England, says Dr. Sutton, were kept in bezants. The Byzantine Empire only declined when it debased the bezant, adding more cheap alloys and removing gold.

 

[Kludge]

I wonder if India has a plunge protection team of some sort.

Ours (assuming we have one) would appeared to have failed.

I don't think India will be able to do much about the BSE tumbling. Apparently there was some news about Reliance, a dominant Indian company. Reliance Natural Resources fell by nearly 50%

 

[Fox McCloud]

Such as... Gold?

I wish...more like cashless society (digidollars).

 

[bclemms]

It is back down 10% and sliding very fast.

 

[tuckessee]

BSE down 10.89%. I expect another stop. Maybe a total suspension for the day???

 

[bclemms]

Did they just shut it down again?

BSE down 12% and falling like a rock.

 

[simranjits]

Is there any particular reason for india leading the drop in asia?

 

[simranjits]

BSE down almost 13% now!