Asian stocks plummet -- Nikkei drops almost 10% Wednesday trading
Posted October 8th, 2008 by WRellim
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The Nikkei average plunged 9.4 percent on Wednesday, its biggest one-day drop since the 1987 stock market crash, as fear spread of a global recession, fueled by expectations of a slide in profits at Toyota Motor Corp and a firmer yen.
So much for reassuring the world markets with a bailout.
Not only did the Dow drop nearly 10% in two days, but now on Wednesday trading Asian stocks drop a whopping 9.4% (after already dropping substantially on Monday AND Tuesday).
Guess the world markets don't think much of the Paulson/Bernanke plan as a means of "rescuing" the markets... Oops!
Maybe they should try something different, like... injecting even MORE credit money into the economies via even more T-Bills for asset swaps, government underwriting and...well what the heck else do they have !
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think......
what a culture shock it will be when people don't have electricity all the time, when MTV is just a memory and no longer a sociological pusher of trends.
When people might have to scavenge or grow there own food.
Things will not be the same when we will recover, that is if they will let it recover.
I hope people start to realize that the time has come to go back to the old ways and grow your own food, to trade without currency.
This is gonna be a bad trip with no seat belt.
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"The real terrorist's are in this country and they are not planning to blow us up, but rather, take our money, our freedom, and our country."
Grab your socks and pull
I think our markets are going to do some crazy sh*t today. Its kinda exciting atm- but we're really in this for the long haul. Theres no looking back now. Poverty is soon to be the new way of life on an unprecedented scale- thats the reality.
Live Free or Diebold
My socks
are liable to tear, they're kinda old. That reminds me, I need to sock up on socks. :)
I think imma treat myself to some nice $4.00 wool ones
and throw in a new toothbrush. Im worth it.
Live Free or Diebold
I prefer argyle
I'm in az, way to hot for me.
did they.....
shut down the japanese markets?!?!?!
Bail out is not an economic bail out, its a corporate bail out, because rich CEO's will die if they don't get the cash they need to sustain living in these hard times.
I hope they screw a syphilis infested hooker and die a slow and painful death.
__________________________________________________________
"The real terrorist's are in this country and they are not planning to blow us up, but rather, take our money, our freedom, and our country."