India Trade Stop!!

[Indy Vidual]

Going Down...

Down 12.75%...
12.67%...
12.74%...
12.88%

 

[bclemms]

Fear is high and confidence is low.

 

[bclemms]

jakarta down 11%

 

[Kludge]

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

Check out Reliance. It's a major player in India and their Natural Resources stock fell 50% today (yesterday..? tomorrow??? *shrug*), the rest of Reliance stocks tumbled with it since another of it's major holdings is in a electricity generating industry which is reliant on coal and gas.

Edit: Use of the term "reliant" wasn't intended

 

[simranjits]

Check out Reliance. It's a major player in India and their Natural Resources stock fell 50% today (yesterday..? tomorrow??? *shrug*), the rest of Reliance stocks tumbled with it since another of it's major holdings is in a electricity generating industry which is reliant on coal and gas.

Yeah but what caused that stock to bomb?

 

[Fox McCloud]

Jakarta is taking a hit too; they're down to 10.22%

the Indian stocks just recovered a little....PPT anyone?

ahh well, it might be a slight recovery and nothing more...

 

[danberkeley]

I can't believe this happened on MLK day.

dont worry about it. tuesday will be worse!

 

[Fox McCloud]

it looks like the foreign PPTs are at work:

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

of course, it could be a temporary spike up, right before another plunge; far too early to tell.

either way, the US is going to suffer BIG time tomorrow.

 

[RonPaul_SantaMonica]

India will be held up by local Insurance companies. Pvt money will start flowing in.

 

[Fox McCloud]

Man, the foreigner's equal of the PPT is really really hard at work, or so it appears:

the Hang Seng gained a few points.

still, it's headed back down.

I'm sure the central banks are scrambling, like nuts on how to control this.

 

[Dr.3D]

Such as... Gold?

More like a world currency. Probably digital and with an implant to scan you at the place you will buy something. No card or anything needed. No implant means no buying.

 

[Fox McCloud]

More like a world currency. Probably digital and with an implant to scan you at the place you will buy something. No card or anything needed. No implant means no buying.

"And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six." -Revelation 13:16-18

this is in reference to the anti-christ; the leader of the one world government.

 

[Dr.3D]

"And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six." -Revelation 13:16-18

this is in reference to the anti-christ; the leader of the one world government.

I'm glad you understand.