Take stock!!!!.....The downward spiral continues....Nikkei down 319 as of this post....

[marmar]

..... and it hasn't been open all that long! :scared:


http://www.bloomberg.com/index.html?Intro=intro3

[ColbertWatcher]

1. Holy shit. n/t

[Antinius]

2. I trade

a fair amount of nikkei futures, and it's pretty much a given that if the US sells off, the Nikkei opens gap down. The big question here is will we see traction off the lows, or further selling (suppy begetting supply). I am not trading them this evening, but so far we are seeing some support of the lows.

The market is 20% off the highs. There are some values to be found, if you are selective.

Remember, if you are decent at screening, you want to buy other's panic, and sell their euphoria.

[Art_from_Ark]

8. One reason for the Nikkei's decline

is the rising cost of energy. Hydrocarbon-based fuels are at record highs, and Japanese companies are coming into increasingly intense competition with China to secure energy sources from foreign suppliers.

[whistle]

3. Domino effect you think?

[Lebam in LA]

4. -333 Now

[mrreowwr_kittty]

5. Quick! Say something, Reverend Wright, so the MSM can distract us!

That's what they were doing the last time the Nikkei tanked, remember?

[madrchsod]

6. taking the inflation out of the markets.

there has been no real growth in america since the early 70`s....the market should be no more than 10,000

[colt equalizer]

7. Good time to buy. Nothing goes up forever. NT

[Art_from_Ark]

9. Buy GM

It's cheaper than Avon now!

[colt equalizer]

10. I might take a look at GM! All our family has ever driven is GM!

I love GM products. BUY AMERICAN when you can! Ok Ok, yes I know some of it is made in Mexico etc. but at least MOST of the car in American made!

[sendero]

12. Yes..

... but you can't make up your face with a Chevy :)

[sendero]

11. The markets in this country..

... and hence the world, have been floating on hot air for months. The banking system is near insolvency, energy prices are soaring, unemployment is on the cusp of spiking, and all the happy talk of the TV talking head and the Fed and anyone else is not going to fix it.

The markets are just now starting to figure this out, the smart money is out or getting out.

Folks who still think this is just another "recession" that will be over in a few months are seriously delusional.

[aint_no_life_nowhere]

13. Let's privatize social security like McCain wants and invest our pensions in the stock market

I mean, how bad can living on the street for the rest of our lives be?

[mrreowwr_kittty]

14. You act like eating dog food in your old age is a bad thing!

Come on! Rich people are facing the HORROR of higher capital gains tax rates!!1!

WHERE ARE YOUR PRIORITIES??!1!

Communist. ;)