Asian Markets Head South...

[WillyT]

Link: http://finance.yahoo.com/intlindices?e=asia



:woohoo:

:wtf:

[whatchamacallit]

1. Don't worry the bailout will fix it

:sarcasm:

[Historic NY]

2. Plunge Protection Team is going to have a rough day..

[pokerfan]

3. Bailout 2.0 coming to a congress near you soon

They will probably ask for $950B this time. Trying to avoid that 1T sticker shock...

[lligrd]

4. Ooh, Nikkei Down 550 nt

[question everything]

5. All are 3-4% down (nt)

[TahitiNut]

6. All down 3-5% in afternoon trading. Where's the "confidence"?

Sure gotta love the "expertise" in our national leaders ... political and economic. I wonder if those offshore bank accounts have enough room for the plunder.

[TexasObserver]

7. Asian markets down 5%. Same expected in Europe soon.

HONG KONG - Asian stocks dropped by around 5 percent on Monday, led by exporters, and the yen surged to a 2-year high against the euro as investors doubted a scattered European response to the financial crisis and a $700 billion U.S. bank bailout could prevent a deeper slump in the global economy.

The need for stability drove up U.S. and Japanese government bond prices, especially after a report on Friday showed the U.S. economy in September shed the most jobs in five-and-a-half years.

Major European stock markets were expected to open as much as 4.7 percent lower, according to financial bookmakers, after Germany had to scramble to organize a rescue deal for lender Hypo Real Estate after an initial deal crumbled. The euro dropped to a 13-month low against the dollar below $1.36.

MSNBC online site

[BelgianMadCow]

8. AEX (Amsterdam) - 5.9 % now

[TexasObserver]

11. thanks for reporting that!

[BelgianMadCow]

18. BEL20 down 6 % at noon (4% in the morning)

[Hannah Bell]

9. Europe around 5% already...

DJ Stoxx 50 2,591.69 -134.98 -4.95%
Bloomberg European 500 176.58 -8.46 -4.57%
FTSE 100 4,713.75 -266.50 -5.35%
DAX 30 5,499.45 -297.58 -5.13%

[TexasObserver]

10. DOW futures down over 200 already.

This should be good today.

I can hardly wait to hear the bailout proponents explaining.

[Hannah Bell]

12. it takes time for the bailout to work its subtle magic.

[TexasObserver]

13. Yeah, if one believes in magic.

[Hannah Bell]

14. why do you hate america? "i do believe in magic, i do, i do!"

[TexasObserver]

15. Friday afternoon, while the vote was passing, CNBC played "The sun'll come out tomorrow!"

You betcha!!

The market has realized there is not going to be anything to save them.

[Hannah Bell]

16. yes - in fact, "It's a Hard-Knock Life!" was probably more appropriate.

Though still perky.

[asteroid2003QQ47]

21. Me too! Me too!

Well, you don't know what we can find
Why don't you come with me little girl
On a magic carpet ride
;)

[WillyT]

17. European Markets Too !!!

Link: http://finance.yahoo.com/intlindices?e=europe



Cripes... look at the percentages !!!

:wow:

[JVS]

19. Mmmm taste that bailout goodness! All for the meager price of $700billion

[WillyT]

20. DOW Futures At -264 Right Now...

Sitting at 10100.00

Might be taking a trip below 10,000 today.

:shrug:

Link: http://money.cnn.com/data/premarket/

[OakCliffDem]

22. Kick