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Asian Markets Down Big . . .

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Re: Asian Markets Down Big . . . Deja Vu

Unread postby Sixstrings » Wed 08 Oct 2008, 02:18:35

Wow, big numbers.. Nikeei down almost 10%..
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby ohanian » Wed 08 Oct 2008, 02:29:08

$this->bbcode_second_pass_quote('Sixstrings', 'W')ow, big numbers.. Nikeei down almost 10%..


Nikkei 38000 Banzai!!!
The Nikkei average hit its all-time high on December 29, 1989 when it reached an intra-day high of 38,957.44 before closing at 38,915.87. Its high for the 21st century stands just above 18,300 points.

Nikkei today 9203. Hmm... guess Nikkei-san can't get it up today.
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby anarky321 » Wed 08 Oct 2008, 02:35:40

banzai indeed

biggest fall since 1987

and its only Wednesday....
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby hironegro » Wed 08 Oct 2008, 02:43:44

this can't be real!? This whole situation is like turn into something fictious.
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby anarky321 » Wed 08 Oct 2008, 02:50:20

lmao russia halted 11 minutes into trading session

-13.5%

EDIT: still trading...at -14%...somebody is crying themselves to sleep tonight..
Last edited by anarky321 on Wed 08 Oct 2008, 02:56:43, edited 1 time in total.
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby drgoodword » Wed 08 Oct 2008, 02:51:48

$this->bbcode_second_pass_quote('hironegro', 't')his can't be real!? This whole situation is like turn into something fictious.


You've been living in a dreamworld, hiro...welcome to the desert of the real.
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby oswald622 » Wed 08 Oct 2008, 02:58:06

asian stock market losses could lead to an unwinding of the yen carry trade:

bloomberg article
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby smallpoxgirl » Wed 08 Oct 2008, 03:03:24

Trading halted on Indonesian market after 10% drop: http://www.bloomberg.com/apps/news?pid= ... SPUOvSXPfY

So my question is, when are they just going to close the stock exchanges for six months like they did at the start of WWI? I just feel like they can't possibly let this continue like this. We're circling the drain.
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Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby TimeTraveller » Wed 08 Oct 2008, 03:03:24

Everyone, it appears that the Japanese stock market has shut down- no trades for a while now. 8O
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby Zardoz » Wed 08 Oct 2008, 03:08:40

Are we in for it, or what? No telling where this is going now.

$this->bbcode_second_pass_quote('', '"')We are talking about a global recession in the offing,'' said Jason Chong, who oversees $1.6 billion as chief investment officer at UOB-OSK Asset Management in Kuala Lumpur. "There's really nowhere to hide as far as investing is concerned.''
Last edited by Zardoz on Wed 08 Oct 2008, 03:12:56, edited 2 times in total.
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby idiom » Wed 08 Oct 2008, 03:08:56

Wow we have beaten out '87 and we are not even fully up to speed yet.

CDS market still exists, OIL is under $90, Carmakers and Airlines haven't bought the farm yet....

There really isn't a bottom.
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The sky is falling, Voices crying out in desperation
Hear them calling, Everybody, save yourself
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby anarky321 » Wed 08 Oct 2008, 03:11:11

$this->bbcode_second_pass_quote('TimeTraveller', 'E')veryone, it appears that the Japanese stock market has shut down- no trades for a while now. 8O


not surprising, considering that NIKKEI closed at 2:00AM EST
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby jbrovont » Wed 08 Oct 2008, 03:11:30

Yes looks that way - absolutely no action now for a while ... about 3:10pm local looks like the last trade. Any news on this? Indonesia has been stopped for a while now too.

$this->bbcode_second_pass_quote('TimeTraveller', 'E')veryone, it appears that the Japanese stock market has shut down- no trades for a while now. 8O
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby smallpoxgirl » Wed 08 Oct 2008, 03:40:45

$this->bbcode_second_pass_quote('TimeTraveller', 'E')veryone, it appears that the Japanese stock market has shut down- no trades for a while now. 8O


Yes. As anarky points out, it is now 4:30pm in Tokyo.
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Of a thousand burning bridges
Sifting through the ashes every day
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Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby Madpaddy » Wed 08 Oct 2008, 04:02:06

SPG wrote,

$this->bbcode_second_pass_quote('', 'Y')es. As anarky points out, it is now 4:30pm in Tokyo.


Pity they didn't keep the markets open just to get it over with...
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby Tanada » Wed 08 Oct 2008, 05:30:22

$this->bbcode_second_pass_quote('idiom', 'W')ow we have beaten out '87 and we are not even fully up to speed yet.

CDS market still exists, OIL is under $90, Carmakers and Airlines haven't bought the farm yet....

There really isn't a bottom.


Sure there is, paper money is resetting to its intrinsic value and it will continue doing so. Until people give up on the idea of Fiat currency or the PTB force us into a 'cashless' society to 'save jobs'.

Peter Schiff predicted just the other day that the Dow would fall until it meets Gold rising up. IOW when the DOW Jones Industrial Average is somewhere between 1 and 2 thousand and the price of Gold is the same the bleeding will slow.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
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Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby Rogozhin » Wed 08 Oct 2008, 05:56:16

Who gives a fuck? :-D

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Re: Asian Markets Down Big . . . Deja Vu

Unread postby TheDude » Wed 08 Oct 2008, 06:16:53

$this->bbcode_second_pass_quote('Tanada', 'P')eter Schiff predicted just the other day that the Dow would fall until it meets Gold rising up. IOW when the DOW Jones Industrial Average is somewhere between 1 and 2 thousand and the price of Gold is the same the bleeding will slow.


I don't see why there'd be a correlation.

How 'bout some peak oil correlation? Samsung Heavy Industries of Seoul were down 3.89% yesterday. Their shipyards are a big part of the boom for the next few years in drillships and rigs.
Cogito, ergo non satis bibivi
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby vaseline2008 » Wed 08 Oct 2008, 21:28:04

Anyone know why the Yen is up against the Dollar? Just wondering...
I'd rather be the killer than the victim.
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Re: Asian Markets Down Big . . . Deja Vu

Unread postby Zardoz » Wed 08 Oct 2008, 23:09:56

The Nikkei is now down to a quarter of what it was at its historic bubble-on-bubble high.

And yet Japan endures. We will, too.

Get some sleep, people. We're still up to our knees in crude oil. When that changes, we'll have something to worry about. Until then, we'll muddle through.
"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
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