Asian markets......YIKES!

from MarketWatch:



ASIA MARKETS
Japan's Nikkei 225 tumbles more than 11%

By V. Phani Kumar, MarketWatch


HONG KONG (MarketWatch) -- Japanese stocks slumped Friday as panic-stricken investors dumped shares across the board after Wall Street stocks suffered deep losses overnight.

The Nikkei tumbled as much as 11.4% -- touching a low of 8,115,41, a level it hasn't seen since May 2003 -- before recovering slightly. The Average was recently down 9.8% at 8,261.85, while the broader Topix index fell 7.2% to 840.18.

"I think people are trying to liquidate positions, but there just aren't any buyers there. It's the nature of the markets that there are very few people willing to buy stocks," said Andrew Sullivan, a sales trader at Main First Securities. "A lot of people sitting on cash are happy to be sitting on cash at the moment."

He added the selling was likely intensified because of a holiday in Japan on Monday.

Elsewhere in Asia, Australia's S&P/ASX 200 fell 7.4% to 4,004.90 and New Zealand's NZX 50 index gave up 3.5% to 2,842.89. South Korea's Kospi lost 8.7% to 1,182.16. ......(more)

The complete piece is at: http://www.marketwatch.com/news/story/japans-nikkei-225-tumbles-more/story.aspx?guid=%7BE8F8480F%2D1B6A%2D4289%2D9BAE%2D6628C5A0F090%7D

sigh.

:hurts:

http://www.youtube.com/watch?v=cGqroT1FZ5Y



I feel fine because I threw 1/2 of our liquid into Brazilian Reals a year ago.

There is nothing really happening (Yes....The fundamentals may be sound).....People who need there money are going to jump ship....I think the economy is pretty strong ( Bumpy but solid)...Lets wait and see what "That One" does for the American Psyche ....The sky is not falling

:wtf:

Not advise....and not grammatically correct huh?
LOL
Jeff

:silly:

Or is it Ben? :shrug:

troll much?

Now fuck off.

The sky is not only falling, but the very ground under our feet is dropping away.

If you actually feel that the economic fundamentals of this country are sound, my friend, you are the only one on Earth that feels that way.

But, keep drinking that kool-aid.

Really?

Do you put the clothes in the dryer THEN the washer?

Do you put on your pants before your underwear?



Do you support b*sh?

Ouch.

For whom the bell tolls.

:( :( :(

:kick:

Don't they have a switchoff point?