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A signboard at the trading room of Korea Exchange Bank's headquarters in Seoul shows the benchmark Korea Composite Stock Price Index (KOSPI) falling 68.10 points, or 3.64 percent, to close at 1,801.35 on Aug. 9. The index sank below the 1,700-point line in morning trading for the first time in 13 months but regained the 1,800-point line later on the back of renewed hopes for possible moves by the U.S. Federal Open Market Committee. (Yonhap)
She hasn’t seen...
2:24 pm on August 9th, 2011 1
I kept looking at the won to dollar exchange chart movement yesterday. Dollar moved up almost 3.25%.
Despite what S&P says, when there is global financial uncertainty the dollar is in demand.
3:01 pm on August 9th, 2011 2
So true JoeC.
3:40 pm on August 9th, 2011 3
Bah, I remember when the Kospi fell to 600 or so.
3:41 pm on August 9th, 2011 4
Guess what I’ve been doing this week?
Buy low, sell high…and it’s definitely low right now.
3:45 pm on August 9th, 2011 5
#1,
You do realize that the stock markets are governed mostly by psychological factors, right? Right now, the stocks are cheap, so the demand is high, which drives up the dollar. It bounced back 430 in the last 24h. That 3.25% gain will quickly erode once the other stock markets, which are slightly behind the curve, catch up.
10:21 pm on August 9th, 2011 6
buy low and well high
10:21 pm on August 9th, 2011 7
oops sell high!