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Asian Markets Getting Smashed Tonight (Nikkei -2.3%)
TBI ^ | 8-2-2011 | Joe Weisenthal

Posted on 08/02/2011 8:24:23 PM PDT by blam

Asian Markets Getting Smashed Tonight

Joe Weisenthal
Aug. 2, 2011, 10:02

The big drubbing continues.

Following the lousy US session, Asian markets are getting walloped.

Korea is down 2.9%.

Hong Kong is off 2.3%.

Japan is off over 2% as well.

At least everyone's in this together.


(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: budget; economy; investing; markets
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To: Orange1998

And it’s easy to be brave with the other guy’s money too! :)


21 posted on 08/02/2011 9:02:39 PM PDT by Colonel Kangaroo
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To: Colonel Kangaroo

I was trying to game it but the world ain’t to pleased on Obama’s blank check and America’s inability to have a viable tax-base cover it.


22 posted on 08/02/2011 9:03:58 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: blam
The Market Does Something It Hasn't Done Since The Worst Of The Financial Crisis
23 posted on 08/02/2011 9:04:36 PM PDT by blam
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To: al baby

I hope the masses exit the market in a panic, because bargains were getting hard to find. Perhaps we’ll see another 2008 fire sale!


24 posted on 08/02/2011 9:14:44 PM PDT by CitizenUSA (Bad is easy. Anyone can do bad. Good, OTOH, is work. It takes discipline.)
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To: Colonel Kangaroo

Colonel Kangaroo: “I’m about ready to jump in and pick up some stock bargains the next few days.”

LOL. It looks like you and I think alike. I sure hope we’re in the minority.


25 posted on 08/02/2011 9:22:33 PM PDT by CitizenUSA (Bad is easy. Anyone can do bad. Good, OTOH, is work. It takes discipline.)
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To: blam
The U.S. markets haven't been tied to reality for a LONG time.

I'm betting the Dow is up 150 by closing time tomorrow.

26 posted on 08/02/2011 9:44:10 PM PDT by Washi
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To: blam

I’m with washi , look for it to be up , should it be up hell no, will it be up yes. simply put the market is control by the feds....there will be a day the feds will not beable to stop the fall then watch out below.


27 posted on 08/02/2011 10:42:05 PM PDT by MATSEVAH
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To: comebacknewt

UGLIER?? THIS IS A 2-BAGGER FRIEND


28 posted on 08/02/2011 10:43:25 PM PDT by expatguy (The Expat Needs Beer Money - Cough Up!)
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To: Colonel Kangaroo

Or, you could play solitaire ‘til dawn with a deck of 51.


29 posted on 08/02/2011 11:24:55 PM PDT by Lancey Howard
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To: blam
hunh. 2% used to be carnage. lately, it's just another day at the office.

volatility alert.

30 posted on 08/03/2011 12:20:00 AM PDT by _a_0_0_
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To: Colonel Kangaroo

it’s definitely a good idea to your eyes open.


31 posted on 08/03/2011 12:20:09 AM PDT by _a_0_0_
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To: Mariner

No matter how powerful the opposition’s manipulation, market forces will out in the end.


32 posted on 08/03/2011 12:23:53 AM PDT by Sea Parrot (Obama may not be a natural born citizen, but there is no denying that he is a natural born liar.)
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To: Mariner

Heh, but we deflationistas were completely wrong about this economy. ;)


33 posted on 08/03/2011 2:08:19 AM PDT by BenKenobi (Honkeys for Herman!)
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