Dow futures down 800

Hold your powder because I don’t think this is the end of the dip.

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Hold your powder because I don’t think this is the end of the dip.

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I agree, things are probably going to get even cheaper.
Japan Nikkei down 12.4% worst day since 1987.
Taiwan Stock Market worst day in 57 years.

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so why asian markets selling off more than others?

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Tech bias.

Japan has been setting at 0% interest for awhile.

This has allowed them to borrow free money and buy equities in other countries as the yen depreciated. It was basically a free money hack.

This eventually made energy imports very expensive which made people mad, so they raised interest rates by like 0.15% to block the free money hack during their election year.

All those bank loans are suddenly very expensive, so Japan had to sell off their international equities to pay their loans. They probably have more equities in Asian markets, is my guess.

What sector is a good buy for the dip?

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Anyone selling into this sell off?
Anyone buying?

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I decided at the end of last year that this was going to be the Year of Securities for me. As such, I've bought nothing but federal debt thus far all year.

I don't plan any changes yet, but I'll be watching CIM for refi activities once rates come down to 4%-5% again.

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Tech bias.

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Yeah pre-market is definitely hammering tech. Looks the cycle out of risk type of trade going today.

Both my ETrade and Fidelity apps are froze up.