Looks like another bad day tomorrow

[HSmomto4]

Looks like it could be another bad day for us on Monday. The Nikkie is down over 500 points right now with LOTS of trading left in the day. The last time it did this is when the FED cut rates. Wonder if anyone will do anything tomorrow to keep the markets up? Thoughts?

Austr. is also way down!

http://www.bloomberg.com/index.html?Intro=intro3

[Issachar]

I just got home and saw this. Nikkei down over 514. Might be interesting in the US tomorrow.

Issachar

[Issachar]

Ok ... only minutes later and it's at -546; just over 4% now. Watch it be something positive in the morning. :)

Issachar

[jds6958]

Ok ... only minutes later and it's at -546; just over 4% now. Watch it be something positive in the morning. :)

Issachar


A lot of traders were demanding rate cuts on Friday. I think the market is expecting an emergency cut soon.

[Tammy]

I thought that cut was to happen around the 18th of March.

[HSmomto4]

Did they close the Nikkei???

[HSmomto4]

OK what happened? I can't find anything on why the Nikkei closed. Does anyone know? The Dow is futured at 100 down for in the morning. I'm still thinking something is in the works, specialy now that the Nikkei is closed with only a 1/2 days worth of trading.

[HSmomto4]

I guess it isn't closed... What in the world is going on??

ETA: I didn't know they closed for lunch :hehee

[tybash]

looks like everything is down.

[Roland]

Asian stocks savaged as dollar plumbs new depths

http://www.reuters.com/article/businessNews/idUSHKG36862620080303?feedType=RSS&feedName=businessNews

HONG KONG (Reuters) - The dollar fell to a record low against a basket of currencies on Monday, dragging Asian stock markets down and compounding worries about a likely U.S. recession and more write-downs in the global financial sector.

It’s going to be interesting this week.