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Ummmm.....did you see the markets the past 10 days?
TOKYO, Oct 10 (Reuters) - U.S. Treasury futures soared more than a full point in Asia trade on Friday as Japan's Nikkei stock average plunged 11 percent, with the panic gripping investors deepening on fears about the faltering global financial system.
I guess what I'm missing is what another poster mentioned ... what exactly is armaggeden in this guys eyes?
"It's not entirely obvious that these measures are turning
the tide. At the end of the day, if you socialize enough of the
financial system, it has to work." - David Mackie, head of
Western European economic research at JPMorgan
"This is not the bottom yet. We need to have more bad news
discounted in the marketplace, we need to officially hear we
are in a recession, we need to have better visibility on
company earnings and the credit market needs to show signs of
relief before things get better." - Keith Wirtz, chief
investment officer of Fifth Third Asset Management.
Originally posted by anotherdad
reply to post by Breifne
That is definetly a holy cra%. Hey at least were all together hovering infront of our computer as it goes down. No wait, i've got hot blonde at home waiting for me! time to have end of the world s$%. This should be fun!!!!!
The stock sell-off led the Osaka Stock Exchange to trigger a circuit-breaker and briefly halt trade in the Nikkei futures.
"No one is buying. Fundamentals don't matter any more and there's no explanation for such a plunge," said Yoshinori Nagano, chief strategist at Daiwa Asset Management.
"Fears about the U.S. financial system have been rekindled. The U.S. government is still debating whether it would inject money into financial institutions. It needs to act now even if that would be beyond the current law."
No more legalized fraud! It must be done now, within 24-hours or the United States will follow Iceland and worse. Worse because we are the world’s reserve currency and we will literally pull down each and every country on the planet. Worse yet, is for those of us who are Americans, WE WILL LOSE OUR COUNTRY ENTIRELY!!!!