Written by A.J. Brown

Asian Markets Tumble

domino_effect_2.jpgAsian markets tumbled on Monday. The Street reports that India’s primary index fell 7.4% after indices in China and Hong Kong broke through critical support levels.

Some experts speculate that this is not just a short-term sell off. It could be indicative of a bigger correction or possibly the beginning of an Asian recession. Others speculate that a rebound will happen in the near future.

Regardless of what happens, this has immediate implications for the U.S. markets as well. When the markets reopen on Tuesday, there is a chance some stocks and funds will see substantial losses. Whether or not this leads to a "domino effect" that affects the market as a whole remains to be seen.

Keep your eyes open. It’s turning out to be an interesting year indeed.

Best Regards Always,

A.J. Brown

P.S. This is not meaningless price movement. There is plenty of volume behind these moves.

Categories: News

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