The Asian Economist

The Asian market testing their lows. With low confidence in the US and the world market, the Asian market today went down again. This is not just the United States Financial Crisis, this is a World Financial Crisis.

ASIA - Asian Market October 6, 1:20AM EST

“Investors are worried that economic conditions and earnings will still deteriorate even with this rescue plan, the weakening global demand is becoming more of a concern to many investors.” -Masaru Hamasaki, a senior strategist at Toyota Asset Management Co. in Tokyo.

“We know that there’s a financial crisis, and now the question is are we going to have an economic correction or crisis, if it does turn into a crisis, there is a lot of downside for equity markets.” -Masayuki Kubota, a senior fund manager at Daiwa SB Investments Ltd. in Tokyo.

“It will probably be a rough week for global investors as they realize the credit crisis has a long way to play out, U.S. action was an absolutely essential first step, and global intervention is needed.” -Frederic Dickson, who helps oversee $25 billion as chief market strategist at D.A. Davidson & Co. in Lake Oswego, Oregon.

We will see how wall street will re-act to the bail-out plan on Monday (10/6/08). If they are not please, or is not confident that the plan will help, expect to see more reds over in Europe and Asia for this upcoming week.