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Stocks in Japan dive 6.9% after U.S. sell-off

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“People are watching U.S. shares closely, and the Japanese market is vulnerable to more falls,” he said.

True if govt fails to inject public funds. Without govt support it may drop to Y5000 and that is unlikely.

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Going down, going down, going down. Journey to the Center of the Melting Down Economy.

"Professor Lidenbrock, what do you see?" "... Snaefellsjokull I guess..."

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Down to 5,050.50

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Now close your eyes, tap your heels together, and repeat three times:

"No worry, Japan is cash-rich!"

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"a steep drop on Wall Street"

What! With the promise of a full economic recovery led by President-elect Obama? I don't understand...

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Sarge

Don't abandon Bush just yet. This is still Bush's economy; Bush's effect on the world economic stage. Don't blame my president for your president's mistakes; especially while he is still in office.

But I do agree when you say "I don't understand..." Perhaps you never will.

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what do you expect from the lame duck Bush ? Don't you all wish he'll have the decency and courage to resign NOW so someone more capable can step in and do the job right ? With uncertainty, the market will continue to tank till President Elect Obama start to undo all the damages by Bush.

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Donkey - I'm beginning to think you're never going to understand that this financial crisis was caused by Democrat policies of insisting that people who had no business buying a home were given mortgages because it was their "right" to own a home.

oberst - "till President-elect Obama start(s) to undo all the damages by Bush"

( sigh ) It's going to be four years before the next Republican president and Republican-led Congress can start to undo all the damage done by Obama and the Democrat-mislead Congress.

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I think the message hasn't really sunk in. From soaring obesity levels to insane use of credit, the American dream is just that, a dream. The real message is that OVER INDULGENCE has consequences. You just cannot eat as much as you want and borrow as much as you want without consequences. The same applies to the car industry. You cannot keep on producing and buying gas guzzlers without paying the consequences. The chicken has come home to roost. If politicians, on both sides of the isle, continue promoting the American dream, that anything is possible, then there will be no way out of the present problems. The days of driving into a hamburger joint in a humvee and buying a double whopper with large fries, paying with one of a half dozen credit cards, is over.

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"Donkey - I'm beginning to think you're never going to understand that this financial crisis was caused by Democrat policies of insisting that people who had no business buying a home were given mortgages because it was their "right" to own a home."

Wrong Sarge ! The housing market was simply a symptom indirectly related to the real reason... oil prices going to $147 a barrel ! "That" in itself sent speculators across the board running for cover as they realized that corporate profits are about to be devoured by shipping and material costs. Get with the program kiddies... prime loan, housing bubbles, inflation, deflated salaries, the auto industry, etc... it's all related to oil... not Bush, his policies, the democrats et al. You wanna gripe to someone, try OPEC ! Oh in the meantime, as oil prices continue now to plummet... don't wait too long, this market is gonna turn around with a fury ! You watch, come next summer, you all be back to singing the praises of the ol US of A !

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