Oct8th - NIKKEI 225 (Japan) - 952.58 (-9.38%)

[ATYT]

Japan the world's second largest economy down - 952.58 (-9.38%) ..

(yes that is a lot..)

http://finance.yahoo.com/q/bc?s=^N225&t=1d&l=on&z=m&q=l&c=

[ATYT]

i dont understand why the link does not work . but copy paste it . .

Nikkei dives 9.4 percent, biggest 1-day fall since '87

[SpaceMonkey]

wow that's a huge drop. The dow jones was down -508 aswell. Just checked the news today Ftse -184. There has been some sort of bailout deal with the european banks which we the tax payer will pay for. The $850 billion bailout bill didn't go to wall street it went to foreign assets so what makes anyone think this european bailout will go to banks. Yet another bailout scam.

[lucrum]

What has happened this morning was a joint interest-rate cut, which at least here made the stockmarket go a little on the positive side. However, as I understand it, it was the interest of Central Banks that was lowered. Norwegian central bank are planning the same, but I don't see why that matters. Private banks still have raised their interest rates regardless of any lowering elsewhere.

[biaggoj]

Hi, guys!
Can anyone explain, how does an interest rate cut works on an economy? In both sectors, real and market?

[Rocky_Shorz]

open 9 minutes, already down almost 300 points...

[Rocky_Shorz]

39 minutes into trading and Japan's down -985.55

Hey Theresa,

I think I see the earthquake your dream was pointing out...

[ADAM KADMON]

http://finance.yahoo.com/q?s=^N225

-1000 points, straight down after opening.
-10%

This is big news guys, almost unprecedented. I'm shocked. I thought it was a typo.... but Nikkei's site is down also...

[Rocky_Shorz]

http://finance.yahoo.com/q?s=^N225

-1000 points, straight down after opening.
-10%

This is big news guys, almost unprecedented. I'm shocked. I thought it was a typo.... but Nikkei's site is down also...

hit 1015, dropped back to 900, just under a 10% drop, safety valve must have released...

[Rocky_Shorz]

last trade 10 minutes ago, any confirmation if it closed?

[Merlyn]

=
=

Looks like NIKKEI circuit breakers should be kicking in maybe.

See thread on:

Stock Market Circuit Breakers Oct 10-24 ?

http://projectavalon.net/forum/showthread.php?t=4802

=
=

[Rocky_Shorz]

the ticker just moved, trading again, up to 800 down... 9% drop

[ATYT]

Nikkei site still down

802.35 (8.76%)

[Rocky_Shorz]

hmmm looks like their safety valve kicks in, buys it back to an 8% drop, then starts trading again, when it hits 9 it kicks in again...


9:39 back to 10%...

These buy-backs must be costly, what is a point worth on the Japanese market?

[Waterman]

-843 as of now

[Rocky_Shorz]

:59 - -954 10.42%

[Rocky_Shorz]

WOW...

Hang Seng down 1,225.72 (7.69%)

[Rocky_Shorz]

Nikkei stopped trading again at the top of the hour... :00 -974.12 -10.64%

the safety valve buyback point in China seems to be 1335 down... 8.4%

[GOTZEUS]

How Do You Thread?

[Rocky_Shorz]

How Do You Thread?

well with needles, I lick the end of the string, spin it tight and poke it through the hole...

[ATYT]

Free Falling ... :trumpet:

[Rocky_Shorz]

ok China's buyback seems to be when it hits 14,600, they buy it back up to 14,700 before letting it fall again...

Their method seems to be working better than Japan who gave up and closed trading...

We should know in the next 10 minutes if Japan closed it for an hour... or...

[Rocky_Shorz]

anyone know why Japan's Market didn't open today, is it Columbus day for them too:winksmiley02:

all the other Markets are rising, Hong Kong is up $500+ but looks like trade stopped for the last 1 1/2 hour?

[broken arrow]

.

[Rocky_Shorz]

wow...

tanked almost 1000 points in the first 45 minutes of trading before the safety valve kicked in...

[Rocky_Shorz]

hmmmm down 911.91 at 11 when they closed the market...

is this the financial 9/11 they were warning us about?