http://www.tase.co.il/TASEEng/
TEL AVIV -6.5%
Started by
Swiss Trader
, Aug 07 2011 04:45 AM
6 replies to this topic
#2
Pricewatcher
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Posted 07 August 2011 - 07:11 AM
Tel aviv was only down about 2% Thursday, and was closed Friday and Saturday, so the big fall in US Thursday night is only reflected in Tel aviv today.
#3
Swiss Trader
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Posted 07 August 2011 - 07:40 AM
Tel aviv was only down about 2% Thursday, and was closed Friday and Saturday, so the big fall in US Thursday night is only reflected in Tel aviv today.
Yes, but the Dow closed 60 points up on Friday.....
#5
Rogerdodger
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Posted 07 August 2011 - 09:36 AM
The Rent Is Too darn High!
The Market is too darn low!
JERUSALEM, Aug. 7 (Xinhua) -- The Tel Aviv Stock Exchange (TASE) registered a sharp 6.5 percent fall on Sunday morning in the wake of Standard & Poor's (S&P) downgrading of United States credit on Friday from AAA to AA+.
The step was the first such downgrade in American history.
"The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics," S&P said in a statement.
Trading in the TASE was stopped during the morning due to the instability in indices.
"When the trading gets high or low we use what we call an ' English Opening,'" TASE spokeswoman Idit Yaaron told Xinhua, "and this happens if the trading gets higher or lower than 2.5 percent, the trading stops for two or three minutes and it's checked again. If the trading is still higher or lower than 2.5, then it stops again."
If, after this measure, trading goes up or down by five percent, Yaaron said, "the TASE stops the trading for 45 minutes for the investors to sit down and check their orders for errors," and consider further action.
The "last time we had an English Opening was 2008, when the Lehman Brothers collapsed," Yaaron said.
http://news.xinhuane...c_131034568.htm
The Market is too darn low!
JERUSALEM, Aug. 7 (Xinhua) -- The Tel Aviv Stock Exchange (TASE) registered a sharp 6.5 percent fall on Sunday morning in the wake of Standard & Poor's (S&P) downgrading of United States credit on Friday from AAA to AA+.
The step was the first such downgrade in American history.
"The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics," S&P said in a statement.
Trading in the TASE was stopped during the morning due to the instability in indices.
"When the trading gets high or low we use what we call an ' English Opening,'" TASE spokeswoman Idit Yaaron told Xinhua, "and this happens if the trading gets higher or lower than 2.5 percent, the trading stops for two or three minutes and it's checked again. If the trading is still higher or lower than 2.5, then it stops again."
If, after this measure, trading goes up or down by five percent, Yaaron said, "the TASE stops the trading for 45 minutes for the investors to sit down and check their orders for errors," and consider further action.
The "last time we had an English Opening was 2008, when the Lehman Brothers collapsed," Yaaron said.
http://news.xinhuane...c_131034568.htm
Edited by Rogerdodger, 07 August 2011 - 09:38 AM.
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BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#6
DrSP
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Posted 07 August 2011 - 11:56 AM
Tel aviv was only down about 2% Thursday, and was closed Friday and Saturday, so the big fall in US Thursday night is only reflected in Tel aviv today.
Yes, but the Dow closed 60 points up on Friday.....
Dow is a very conservative growth value index. Global markets are more like RUT. IWM was down 1.75%.
You could be a billionaire or an industrial worker or a teacher or a moderator of a forum - Hold a good conscience because that is what matters.
#7
Swiss Trader
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Posted 07 August 2011 - 12:00 PM
Tel aviv was only down about 2% Thursday, and was closed Friday and Saturday, so the big fall in US Thursday night is only reflected in Tel aviv today.
Yes, but the Dow closed 60 points up on Friday.....
Dow is a very conservative growth value index. Global markets are more like RUT. IWM was down 1.75%.
In fact the futures could open down at least -2%
http://www.bloomberg...onds-safe-.html
Edited by Swiss Trader, 07 August 2011 - 12:01 PM.
