[staytrue]

The Nikkei is trading at about 9300 which is about where it was in 1983. Futures are indicating US dow jones opening down 100 pts.

[Ken H]

Nikkei-- http://quote.yahoo.com/q?s=^N225&d=1d

[Ken H]

Overnight nasdaq, dow-jones, gold, etc.-- http://www.mrci.com/qpnight.asp

[Timesink]

Japan's economy is doomed IMHO, unless they finally become willing to face the facts that they're not using a truly capitalist system. An economy based largely on an Old Boys Club (good luck getting in if you're not already there), bribery, fuzzy accounting, a barely-functioning real estate industry, etc, simply cannot last forever. It's somewhat like the late 90s dotcom fraud here, only in much slower motion and much more widely distributed. Their problems at this point are entirely due to outmoded cultural traditions and inane laws. Clean out the cultural cesspool and rewrite the laws, and they can start making money again - after a number of years of volatility.

[Bogey78O]

Yatta
If ever it was needed.....

[lds23]

The Japanese banks are propping up way to many failed companies. Part of the free market system is that the failures actually fail. Until and unless they clean house, this sort of thing will continue.

[SauronOfMordor]

Futures are indicating US dow jones opening down 100 pts.

Make that down 122 as of 8:53 EDT

If the Fed's market manipulators had just let things take their course, we would probably be done with the crash by now and be on the road to recovery. But no, they had to insert some dead-cat-bounces to allow the big guys time to get out.

[1Old Pro]

Funny, everyone in the liberal media has said for decades that WE should copy their successful style. Thank goodness America has stayed America. The Leftists want all nations to fail so the U.N. can govern and the World Economy can be a controlled socialist economy bent on redistribution of nations wealth.

This is why AMERICA SHOULD ATTACK IRAQ. We should do it because it's right, just, and in our interests. Forget what these failed nations recommend.

[txzman]

Wasn't the collapse of the Japanese stock market in the late 1920's one of the fundamental causes of the panic that spread to Wall Street?

I know, I know - "it can't happen again" - but it is strange how much our internet bubble looked like past basic falls in the financial markets, even with all our "safeguards".

[Orion]

bump for later reading. I have to get my asbestos undies on for my opinions.