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Japan's "Stock" Futures Index Plummets 16% Before Automatic Safeguards Triggered a Shutdown

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Post by Guest Mon Mar 14, 2011 4:22 am

In what is turning into what could be a prelude for the U.S. Stock Market, the Nikkei 225 Stock Average plunged by an astonishing 646 points as Japan's banks injected $85 billion (U.S.) into the Japanese economy. Oil plunged under $100 a barrel.

This could be what's in store for the U.S. Markets this week as there are a few hours before the U.S. Stock Market opens.

http://www.msnbc.msn.com/id/42065021/ns/world_news-asiapacific/


Last edited by kemcha on Tue Mar 15, 2011 12:50 am; edited 4 times in total

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Post by Guest Mon Mar 14, 2011 10:55 am

Stocks are headed for a lower opening as investors assess the economic fallout of a massive earthquake in Japan.

http://finance.yahoo.com/news/Stocks-headed-lower-following-apf-2899952079.html?x=0&sec=topStories&pos=1&asset=&ccode=

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Post by Guest Mon Mar 14, 2011 2:52 pm

I was expecting the stock market to be even lower than the 115 points it has currently lost. I'm wanting it to drop a lot lower than it already is. I'm expecting 500 a day point drops. Very Happy

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Post by Guest Mon Mar 14, 2011 2:58 pm

kemcha wrote:I was expecting the stock market to be even lower than the 115 points it has currently lost. I'm wanting it to drop a lot lower than it already is. I'm expecting 500 a day point drops. Very Happy

The day isn't over yet!
affraid

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Post by Guest Mon Mar 14, 2011 3:10 pm

Let's hope not.

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Post by lendmeflight2 Mon Mar 14, 2011 3:44 pm

Is that correct Kemcha? The price of oil went DOWN? That is not what I would expect from this disaster.
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Post by Guest Mon Mar 14, 2011 4:03 pm

It dropped to $99 a barrel for crude oil.

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Post by Jobless_in_Ma Mon Mar 14, 2011 5:10 pm

Probably due to all the cars ruined in Japan that wont be using any gas right now or ever.
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Post by Guest Tue Mar 15, 2011 12:49 am

More bad news, Japan's Futures Index plummeted 16% before the system automatically cut off all trading. The safeguards are designed to prevent a sell-off that would collapse the Japanese economy and affect worldwide markets:

http://www.msnbc.msn.com/id/42067913/ns/business-world_business/

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