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Nikkei Down More Than 3 Percent
AP ^ | Sunday March 16, 8:42 pm ET

Posted on 03/16/2008 5:53:36 PM PDT by BenLurkin

Japan's Benchmark Nikkei Plunges More Than 3 Percent in Early Trade

TOKYO (AP) -- Japan's benchmark Nikkei stock index has plunged more than 3 percent in morning trading. The Nikkei 225 stock index fell 407.81 points, or 3.33 percent, to 11,833.79 on the Tokyo Stock Exchange shortly after the market opened Monday.

The index lost 1.54 percent Friday.



TOPICS: Business/Economy; Japan
KEYWORDS: globaleconomy; nikkei; stocks; stpatricksmassacre
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1 posted on 03/16/2008 5:53:37 PM PDT by BenLurkin
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To: BenLurkin

How do you say “This is not good” in Japanese?


2 posted on 03/16/2008 5:57:56 PM PDT by Frank_2001
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To: BenLurkin

Monday will not be a good day to stop sniffing glue


3 posted on 03/16/2008 5:58:28 PM PDT by al baby (Hi mom)
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To: Frank_2001
これはよくない
4 posted on 03/16/2008 6:00:10 PM PDT by al baby (Hi mom)
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To: BenLurkin

Will Benny B & the Feds pull us out of our steep dive or will we crash and burn along with Bear S?


5 posted on 03/16/2008 6:00:24 PM PDT by teletech (Friends don't let friends vote DemocRAT)
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To: al baby

I wouldn’t jump out of a building over a 3% decline. Bear’s collapse wasn’t a $300B hit, only a $30B hit. I’m not saying this is not a problem, but let’s not get hysterical.


6 posted on 03/16/2008 6:03:30 PM PDT by Mad_Tom_Rackham ("The land of the Free...Because of the Brave")
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To: teletech

>> Will Benny B & the Feds pull us out of our steep dive or will we crash and burn along with Bear S?

a) Who is “we”?

b) Are you absolutely sure those are the only two alternatives?

c) What do you expect Ben to do, exactly, to pull us out of the “steep dive”?


7 posted on 03/16/2008 6:05:06 PM PDT by Nervous Tick (I'm not voting FOR John McCain -- I'm voting AGAINST Hillary/Obama)
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To: teletech
Will Benny B & the Feds pull us out of our steep dive

Well, if the dollar weakens further, it may be foreign investors in addition to the Fed. 3% isn't a huge decline, and could be far worse. If the Fed comes in early and cuts again tomorrow, it could be a volatile but relatively small decline in our markets.
8 posted on 03/16/2008 6:05:47 PM PDT by July 4th
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To: Mad_Tom_Rackham

Its just the tip of the Iceberg There might not be much left to be President of in January o9 if this keeps up


9 posted on 03/16/2008 6:07:50 PM PDT by al baby (Hi mom)
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To: BenLurkin

It’s already gained back 100 points from the low. It will probably finish the day in positive territory.


10 posted on 03/16/2008 6:07:56 PM PDT by frankjr
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To: BenLurkin
 Japanese Yens to 1 USD (invert,data)
120 days latest (Mar 14)
100.2
lowest (Mar 14)
100.2
highest (Oct 11)
117.71

11 posted on 03/16/2008 6:09:13 PM PDT by BGHater ($2300 is the limit of your Free Speech.)
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To: Mad_Tom_Rackham

The perception of trouble sometimes drives the market.I hope that’s not the case tomorrow.


12 posted on 03/16/2008 6:11:15 PM PDT by Farmer Dean (168 grains of instant conflict resolution)
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To: BenLurkin

Looking dicey for tomorrow. Spot Gold and silver skyrocketed to new highs in Asia tonight. Some sort of news hit the futures markets like a hammer.

http://www.kitco.com/charts/livegold.html

This may load a bit slowly, because the gold and silver charts at Kitco have been getting more traffic than they can handle.


13 posted on 03/16/2008 6:13:42 PM PDT by Cicero (Marcus Tullius)
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To: Nervous Tick

a) Who is “we”?

We would be the US Financial System

b) Are you absolutely sure those are the only two alternatives?

No, I’m not sure they are the ONLY alternatives but if there ARE others maybe you can enlighten us.

c) What do you expect Ben to do, exactly, to pull us out of the “steep dive”?

I expected Ben to stop his needless rate hikes long ago. He isn’t responsible for the bad loans by investment banks but now WE taxpayers are bailing out Bear S so our whole financial system doesn’t implode. I hope every taxpayer thinks it was worth the money.


14 posted on 03/16/2008 6:13:46 PM PDT by teletech (Friends don't let friends vote DemocRAT)
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To: al baby
All boomings have their endings, especially those driven by credit expansion. I don't disagree that we are in for a rough ride, but let's keep things in perspective. Even a 25% “correction” in real estate valuation would only reset values to 2003 levels, at worst. Liquidity will return to markets after the necessary corrections have occurred. There are many other drivers in play.
15 posted on 03/16/2008 6:14:09 PM PDT by Mad_Tom_Rackham ("The land of the Free...Because of the Brave")
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To: Mad_Tom_Rackham

Well im getting my panties in a bunch I lost close to 7 million last month


16 posted on 03/16/2008 6:25:48 PM PDT by al baby (Hi mom)
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To: teletech

“c) What do you expect Ben to do, exactly, to pull us out of the “steep dive”?”

How about a $300.00 economic stimulus payment? ($600.00 for joint filers);)


17 posted on 03/16/2008 6:28:04 PM PDT by Frank_2001
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To: BenLurkin

Does someone have a link for the Dow futures for tomorrow. I can’t seem to find the right one. Thanks in advance.


18 posted on 03/16/2008 6:32:50 PM PDT by cornfedcowboy
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To: BenLurkin

No big deal. The government will save me.


19 posted on 03/16/2008 6:33:50 PM PDT by Lancey Howard
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To: al baby

I lost $235 million (annuity value) last night.


20 posted on 03/16/2008 6:36:13 PM PDT by Lancey Howard
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