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US Futures Keep Heading Lower, And Japan Is Falling Sharply
TBI ^ | 8-18-2011 | Joe Weisenthal

Posted on 08/18/2011 8:40:37 PM PDT by blam

US Futures Keep Heading Lower, And Japan Is Falling Sharply

Joe Weisenthal
Aug. 18, 2011, 8:22 PM |

The rough market session continues into the early hours of the Friday open in Asia.

Japan is down sharply, currently off over 2%.

Meanwhile, US futures keep grinding lower after the bell.

Watch for more rough going tomorrow, especially in tech, as HP fell 10% after the bell following the announcement of re-org plans.

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


TOPICS: News/Current Events
KEYWORDS: djia; economy; markets; nikkei
All the Asian markets are down, most over 2%...see here. (If these quotes are a few minutes late...I don't care)

Gold is still going bananas!


1 posted on 08/18/2011 8:40:39 PM PDT by blam
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To: blam
Posted earlier today just after the US markets closed:

MARKETS DEMOLISHED (-417): Here's What You Need To Know

2 posted on 08/18/2011 8:42:47 PM PDT by blam
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To: blam

Gold is going up sharply.


3 posted on 08/18/2011 8:46:34 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: blam
Be sure to remind everyone you know that this is Obama's economy, PERIOD!!


4 posted on 08/18/2011 8:49:03 PM PDT by blam
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To: blam

Don’t worry, our resident Marxists will save us with a Great Leap Forward or is that a Five Year Plan? Not to worry, our Great Leader will inspire us with a speech just as soon as he recharges his massive intellect with a few days vacation with the commoners on Martha’s Vineyard.


5 posted on 08/18/2011 8:49:23 PM PDT by JimSEA (The future ain't what it used to be.)
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To: blam

Yikes! Looks like another bad week on Wall St.


6 posted on 08/18/2011 8:49:42 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town
Yikes! Looks like another bad week on Wall St

Last week I wanted to exchange out of my index fund into an ETF that specializes in essentials. They told me I had to open a brokerage account first, took my money out and parked it in a money market until my account got final approval. The next day the market started tanking and my money is still sitting in that money market waiting for things to stabilize. Now all I have to worry about is my cash becoming worthless before my stocks would have.

7 posted on 08/18/2011 8:54:19 PM PDT by Oshkalaboomboom
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To: blam

You've got a a fake here. This was made in Kenya..


8 posted on 08/18/2011 8:54:56 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: Jim from C-Town
Yikes! Looks like another bad week on Wall St.

"Looks like I picked a bad week to quit sniffing glue."

9 posted on 08/18/2011 8:56:33 PM PDT by dfwgator
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To: blam

Not going to agree with him on this one. I see a rebound tomorrow.


10 posted on 08/18/2011 9:03:36 PM PDT by Free Vulcan (Obama/Biden '12: No hope and chump change.)
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To: blam

11 posted on 08/18/2011 9:08:21 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Lazlo in PA

How much does he want for his smartphone?


12 posted on 08/18/2011 9:09:56 PM PDT by Revolting cat! (Let us prey!)
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To: blam

Yeah, Asian indexes are down, but we saw worse a few days ago. And the Dow is only down 79 points as I write this. Looks like tomorrow could be down some, but no reason for panic, yet.


13 posted on 08/18/2011 9:17:04 PM PDT by familyop (Behold the genius in contemporary political speech.)
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To: Revolting cat!
Unless you wear a bowler hat, I don't think you would be interested. Back in the day, the base unit for the phone went on your head. The hat would hide it. They stopped using that system when people stopped wearing hats. It looked silly.


14 posted on 08/18/2011 9:17:42 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: blam

A fellow on the radio last night basically said a prudent person should be prepared for Dow 3000


15 posted on 08/18/2011 9:21:16 PM PDT by djf (One of the few FReepers who NEVER clicked the "dead weasel" thread!! But may not last much longer...)
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To: Lazlo in PA

Gort, Klatuu berrata nictoe.


16 posted on 08/18/2011 9:22:40 PM PDT by papertyger
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To: blam

Little correction: The Dow future was only down 79 points as I wrote that.


17 posted on 08/18/2011 9:26:18 PM PDT by familyop (Behold the genius in contemporary political speech.)
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To: djf

HA! I’m ready for a Dow 12!

Come at me with that passion fruit, you pansies!


18 posted on 08/18/2011 9:26:55 PM PDT by papertyger
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To: papertyger

I don’t own any stocks, so Dow 12 wouldn’t bother me.

But Beans $15.00 is not a good thing.
And Hoardz-a-zombies ain’t so good neither!


19 posted on 08/18/2011 9:35:13 PM PDT by djf (One of the few FReepers who NEVER clicked the "dead weasel" thread!! But may not last much longer...)
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To: djf

Silly rabbit, zombies don’t eat beans.

Er, wait...


20 posted on 08/18/2011 9:45:30 PM PDT by papertyger
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To: djf

I heard that just before I dozed off. If it’s the same guy, he also said there will be no real recovery until 2020.


21 posted on 08/18/2011 9:55:34 PM PDT by unkus (Silence Is Consent)
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To: djf
But Beans $15.00 is not a good thing.

It is, if you have a few hundred pounds in Mylar bags and 5 gallon pails.

22 posted on 08/19/2011 12:57:47 AM PDT by Stentor ( "All cults of personality begin as high drama and end as low comedy.")
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To: Stentor

I have a fair amount of food stored, I see food as being something fairly cheap now (and AVAILABLE!!!!).

I don’t see it as an investment and have no plans to charge people outrageous amounts for it if the SHTF.

I could, however, very easily see myself making a meal for a nearby family if they bring me 2 gallons of gas.

That kind of thing.


23 posted on 08/19/2011 3:11:15 AM PDT by djf (One of the few FReepers who NEVER clicked the "dead weasel" thread!! But may not last much longer...)
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To: Free Vulcan
Not going to agree with him on this one. I see a rebound tomorrow.

Remind me not to use you as my stock broker. LOL

24 posted on 08/19/2011 7:45:58 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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