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Japan shares drop on cue from Wall Street

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posted on Jun, 6 2010 @ 09:05 PM
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Japan shares drop on cue from Wall Street


www.marketwatch.com

Japanese shares dropped Monday morning in Tokyo, taking their cue from steep declines on Wall Street Friday on the heels of a weaker-than-expected U.S. jobs report and concerns that Europe's debt troubles may spread to Hungary. The Nikkei Stock Average shed 3.1% to 9,594.32....
(visit the link for the full news article)




posted on Jun, 6 2010 @ 09:05 PM
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Tokyo is currently down 3.77%, Sydney is currently down 3.44%. This suggests the NYSE will have a brutal morning Monday after suffering a 3.15% loss on Friday.

I don't know about other ATSers but I will be watching the markets with grave interest on Monday and probably Tuesday. The lead headline on Drudge doesn't bode well either:

(US)DEBT POISED TO OVERTAKE GDP

www.marketwatch.com
(visit the link for the full news article)



posted on Jun, 6 2010 @ 09:47 PM
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Let the bottom drop out of it.
Let it crash!!!!!!
That's the only way
for us to start over
with a clean slate
and everybody equal
on the playing field.
This game of monopoly
has been over for quite
some time.



posted on Jun, 6 2010 @ 10:01 PM
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reply to post by boondock-saint
 


I don't disagree with you! Before I came to ATS I was only one of two people I knew who openly advocated for a "let it crash" approach to this horror we find ourselves drowning in.

That said, however, it is few that are prepared to weather such a storm as a complete collapse. I could, with reasonable grace, but many of those I know and most of those I care about could not. How can I wish that upon those I profess to care about?

Yet... I do. But, only because in my heart-of-hearts I believe it is the only solution.



posted on Jun, 6 2010 @ 11:07 PM
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reply to post by Geeky_Bubbe
 


I'll step out on a long limb and say that Asia and Europe will decline today and the market will rebound significantly as people start taking advantage of the good deals. I gave up the notion that the market was tied to reality a long time ago.




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