China stock market stumble
It looks like the economic growth juggernaut just had a bit of a set-back. The Shanghai composite index hit a record yesterday and then proceeded to drop 8.8 percent on Tuesday. If this turns out to be a one day stumble then no problem, but if it worsens in the days ahead it could hurt Chinas economy. If we see spill over into lower resource demand that would of course be bad news for Canada.
Emerging markets in Asia also fell, along with European stocks, as the plunge shook investor confidence. Canada’s S&P/TSX composite index fell 196.60 points to 13,207.86, led by gold, energy and information technology stocks. It was the biggest drop since early January.
The move in China also may cause investors to have a second look at other investments that are perceived as risky, Mr. Guatieri said. “It tends to shake confidence. If one market comes unglued, the market will look at other markets that are a bit frothy.â€
Update: Markets are down all over, US, Europe and Asia while treasury bonds rally. This is currently the lead story at CNN.
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February 27th, 2007 at 10:03 am
February 27th, 2007 at 11:17 am
Well there was a report last year
“because of strong economy in china”chinese people decide to sit back home rather than going somewhere else in the world.Now when market is stumble they could change there mind.
There are two markets currently shining Indian economy and Vancouver real estate market I think we have to arange for more kite’s flying to Vancouver
February 27th, 2007 at 11:24 am
With no money left after the market stumble, they can buy boat fare to Vancouver. We will have 21 million people living here in a failed specuvestor shantytown.
Last time I checked the S&P/TSX Composite Index is down 2.38%, while the TSX Venture Exchange is down 3.54% … since it opened this morning.
February 27th, 2007 at 12:01 pm
Dow Jones and Nasdaq are down along with European and Asian markets. Treasury bonds rally. Wonder if we’ll see a recovery tommorow?
February 27th, 2007 at 12:18 pm
February 27th, 2007 at 12:26 pm
February 27th, 2007 at 12:31 pm
..albertabubble.blogspot.com
to your links
February 27th, 2007 at 12:44 pm
well we can feel proud atleast vancouver real estate giving life to canadian economy.
21 million people
city is going to host they are not going to live here.
2001 572k 2006 605k
2011 628k that’s population of permanents and citizens don’t you think we need more construction,other people hard to count them but they are bham.millions of visitor’s every year look at vanwest some people learning new bussiness to make residential accomomdation to use daily,weekly basis.and some already started
Vancouver considered a leader in sustainable practices.
February 27th, 2007 at 2:09 pm
February 27th, 2007 at 3:43 pm
The wealthy Asians are getting out of equities and into Vancouver residential real estate before the next leg up.
Better hurry, we are running out of sky and concrete.
February 27th, 2007 at 4:25 pm
it was suggested that the stock market could very well be the next “bubble”…. hmm maybe not
tomorrow will be very interesting
February 27th, 2007 at 4:28 pm
February 27th, 2007 at 5:43 pm
February 27th, 2007 at 5:59 pm
Vancouver RE sucking life out of my personal economy.
February 27th, 2007 at 6:39 pm
could spin this as a good thing.
“interest rates will stay low, possibly go lower, and with the stock market being volatile, investors will flock to RE”
The last of the greatest fools will buy the poison.
February 27th, 2007 at 6:48 pm
The greater fools are always with us.
February 27th, 2007 at 7:48 pm
could spin this as a good thing.
“interest rates will stay low, possibly go lower, and with the stock market being volatile, investors will flock to RE”"
Funny, they’re already talking like this over at RET.
February 28th, 2007 at 7:01 am
February 28th, 2007 at 7:02 am
February 28th, 2007 at 7:26 am
No more safe havens.
When in danger
or in doubt,
Run in circles,
scream and shout.
February 28th, 2007 at 9:04 am
February 28th, 2007 at 9:29 am
Warren, watch out, the sky is falling.
February 28th, 2007 at 10:09 am
Better hurry, we are running out of sky and concrete.
2/27/07 3:43 PM”
These 2 live and own million$ worth of properties in Vancouver
http://tinyurl.com/33ugc8
http://tinyurl.com/2m3p4g
February 28th, 2007 at 10:48 am