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The Nikkei Dive

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March 02, 2008 – Comments (6)

The Nikkei going diving is getting to be a regular thing...  Down over 500 so far.  Doesn't look good for tomorrow.

6 Comments – Post Your Own

#1) On March 02, 2008 at 8:31 PM, dwot (59.00) wrote:

Now down 545...

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#2) On March 02, 2008 at 9:31 PM, xthecritic (50.67) wrote:

China, Signapore and Australia following suit - all of 3+%.  I think we (USA) get a hit on the open tomorrow to follow suit.

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#3) On March 02, 2008 at 9:31 PM, xthecritic (50.67) wrote:

of = off

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#4) On March 02, 2008 at 10:21 PM, Tastylunch (29.37) wrote:

unless of course Helicoptor Ben comes to the rescue again like he did on 1/22. I doubt he will this time though...

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#5) On March 02, 2008 at 10:52 PM, AnomaLee (28.69) wrote:

Being the perma-bull optimist and positivist I am I even wrote the markets were too high a week ago and that the only 'real'  news to move the markets higher would be a solution to the bond insurers. That has already happened and there's been a charade of news releass that have kept the market from plunging further.

The Plunge Protection Team will have their work cut out.

http://en.wikipedia.org/wiki/Black_Monday_(1987)

 

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#6) On March 02, 2008 at 11:57 PM, wolfhounds (29.16) wrote:

This may be the washout that's needed to at least form a bottom. Let's hope for some good volume so I can start buying stock instead of puts.

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