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Japan Stock Market Falling off A Cliff
Yahoo! Finance ^ | Today | Yahoo! Finance

Posted on 10/07/2008 10:14:18 PM PDT by Arkinsaw

Down 722 - 7% and falling so far.

Asian stock markets plunged Wednesday as recent steps by the world's major economies to fortify credit markets failed to stem escalating fears that the spreading financial crisis could spawn a global recession.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Japan; News/Current Events
KEYWORDS: asia; bailout; economy; financialcrisis; globaleconomy; japan; nikkei; stockmarket; wallstreet
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1 posted on 10/07/2008 10:14:19 PM PDT by Arkinsaw
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To: Arkinsaw

It’s time for some pain so everyone can wake up.


2 posted on 10/07/2008 10:16:00 PM PDT by Ravi
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To: Arkinsaw

YIKES! Reaction to the debate and the bailout!


3 posted on 10/07/2008 10:16:15 PM PDT by Enterprise (No Oil for Democrats!)
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To: Arkinsaw

How can panic last this long ?

Why are people freaking out when there is no reason to freak out ?


4 posted on 10/07/2008 10:17:20 PM PDT by se_ohio_young_conservative (GO Sarah Palin !)
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To: Ravi

I think the world is in crisis because they see obama winning,they see us becomming a third world country run by terrorists


5 posted on 10/07/2008 10:20:57 PM PDT by dalebert
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To: se_ohio_young_conservative

obama


6 posted on 10/07/2008 10:21:59 PM PDT by dalebert
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To: dalebert

“I think the world is in crisis because they see obama winning,they see us becomming a third world country run by terrorists”

...and they might be right.


7 posted on 10/07/2008 10:22:03 PM PDT by Canedawg (If the law supposes that, said Mr. Bumble, the law is a ass, a idiot.)
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To: se_ohio_young_conservative
Why are people freaking out when there is no reason to freak out ?

One word: derivatives.

8 posted on 10/07/2008 10:22:06 PM PDT by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
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To: dalebert

Something Obama plans on.


9 posted on 10/07/2008 10:22:19 PM PDT by Dallas59 (Just Say NObama!)
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To: Arkinsaw

Probably given an extra little shove with McCains call for more socialism.


10 posted on 10/07/2008 10:23:39 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: politicket

I hate to say this.

But these hearings on capitol hill are not helping. Ben Bernanke opening his mouth does not help. Keep your mouth shut and give us an emergency rate cut.


11 posted on 10/07/2008 10:24:42 PM PDT by se_ohio_young_conservative (GO Sarah Palin !)
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To: se_ohio_young_conservative

What good is a rate cut when so few lenders are in a position to lend money?


12 posted on 10/07/2008 10:25:58 PM PDT by autumnraine (McCain/Palin 08)
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To: se_ohio_young_conservative
Why are people freaking out when there is no reason to freak out ?

I suppose there is no connection, but to me there is every reason to freak out thinking about an Obama Presidency, a Piglosi House, and a Reid Senate - what a perfect storm.
13 posted on 10/07/2008 10:26:14 PM PDT by Cheerio
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To: dalebert
Not a chance. The world is in crisis because they've invested in and inextricably entangled themselves with a country (the U.S.) which has been engaged in absurd, unConstitutional and fiscally irresponsible actions and policies for decades, and now all that is coming home to roost.

You can't borrow forever, and artificially manipulating lowering the interest rates causes even more bad borrowing. Not to mention the fact that the world is finally figuring out something that some of us have known for years: our money isn't worth ANYTHING. It's all a perceived value rather than an intrisic one, and that false perception of value is crashing to the ground---as one might expect it to do eventually.

14 posted on 10/07/2008 10:26:32 PM PDT by MarcoPolo
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To: Arkinsaw
Jakarta's was down >10% when I looked last.
15 posted on 10/07/2008 10:26:34 PM PDT by griffin (Really unintelligent people try to fix socialism with more socialism)
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Photobucket
16 posted on 10/07/2008 10:27:14 PM PDT by Doofer
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To: Cheerio

Oh shut up.

McCain is within the margin of error in an election he should be losing by 15 points.


17 posted on 10/07/2008 10:28:55 PM PDT by se_ohio_young_conservative (GO Sarah Palin !)
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To: se_ohio_young_conservative

A rate cut is the wrong direction!

The ones in need of a loan are of such high risk they should have to pay at least 20% if they get one at all!


18 posted on 10/07/2008 10:29:51 PM PDT by dalereed
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To: Arkinsaw

http://finance.yahoo.com/q/ta?s=%5EJKSE&t=1d

Appears Jakarta trading suspended


19 posted on 10/07/2008 10:30:28 PM PDT by griffin (Really unintelligent people try to fix socialism with more socialism)
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To: Arkinsaw

bttt

This is huge and series.


20 posted on 10/07/2008 10:30:31 PM PDT by jddqr (Chuck Baldwin for President '08)
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