Skip to comments.Tokyo Hits 28-Year Low Amid Global Rout
Posted on 06/04/2012 3:23:45 AM PDT by Islander7
The Tokyo market slumped to a 28-year low on Monday as Asian shares dived on fears of a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China.
Investors hedged against global financial and economic crisis, heading for havens such as the benchmark 10-year Japanese government bond whose yield fell below 0.80 percent to its lowest since July 2003. Ten-year JGB futures prices jumped to a 19-month high.
(Excerpt) Read more at cnbc.com ...
Japan seems to be catching up with the 2.5% downturn in US stocks that occurred after the Japanese market closed on Friday.
At the moment the US stock market futures are in the plus column.
This will assure he will get voted in again. The drug cartels and the rag heads will dissolve due to lack of money. They can no longer buy weapons and peace will embrace the earth!
“0” will truly become the “one”
Guess he never saw the Caine Mutiny.
The Nikkei is not at similar lows. I believe the Nikkei lows of 2003 and 2009 have not been breached yet.
What are the emergency measures that the US stock markets take when the plunge starts? Do we have an automatic shut-off?
Euro Markets Called Sharply Lower After Asia Sell-Off at CNBC Mon 1:08AM EDT
As of 7am EDT Europe markets are flat from Friday’s close.
except for Rick Santelli the folks at CNBC are having a bad day.
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