Javascript Disabled Detected

You currently have javascript disabled. Several functions may not work. Please re-enable javascript to access full functionality.

Btw for all those who think an intra day reversals are bullish

Started by dcengr , Aug 16 2007 09:20 PM

Prev

Please log in to reply

14 replies to this topic

#11 ogm

Member

Traders-Talk User
13,780 posts

Posted 16 August 2007 - 10:29 PM

i am real concerned with the way Japan is acting tonight. they should be up

I'll take a guess....

Stronger Yen = Bade news for Japaneese exporters.

Back to top

#12 Rogerdodger

Member

TT Member*
26,878 posts

Posted 16 August 2007 - 10:33 PM

Oops!
15,723.14 - 425.35

"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.

Back to top

#13 kaiser soze

Member

Traders-Talk User
884 posts

Posted 16 August 2007 - 10:35 PM

Atleast US banks have angels like Buffett taking positions in them. I'm not so sure about the Japanese banks. Also, because of the yen carry trade, Japanese banks have probably lent a LOT of money to highly leveraged global speculators. If some of those speculators cannot repay their loans, Japanese banks have a problem. Maybe why they are down 30% from their highs.

Back to top

#14 ogm

Member

Traders-Talk User
13,780 posts

Posted 16 August 2007 - 10:40 PM

Oops!
15,723.14 - 425.35

HONG KONG (Reuters) - A dramatic turnaround on Wall Street helped some financial stocks in Asia rebound on Friday, but lingering credit fears lifted the yen and kept Japanese exporters pressured, sending the Nikkei to near nine-month lows.