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Photographs of traders in Tokyo and a graphic showing the Nikkei's decline from the AP
Global markets fell as worries about the recession continued: Tokyo's Nikkei fell more than 9%, closing under 8,000 for the first time since April 2003 and European markets fell after the official news that the "British economy shrank more than expected and for the first time in 16 years." The Dow Jones and S&P 500 futures trading were "limited to prevent contracts from further declines after drops of more than 6 percent." Both will open for trading later, though.
The NY Times reports, "Stock markets around the world are troubled by worries over looming economic disruption following the financial market meltdown. Investors are concerned that a radical slowdown will harm companies’ profitability more than previously feared."
Update, 11 a.m.: Stocks fell 400 points in early trading; the Dow is now down about 327 points (-3.78%) and the Nasdaq and S&P 500 are off 3.5-3.9%.
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thank god I took my money out of the sock market and put them in the shoe market.
Sock markets around the world are troubled by worries over looming economic disruption!!
I pulled my money out of socks and put it all in nylons and chocolates -- should do well in the coming crisis.
Time to start darning our socks.
ahh man, it's the stock market? that sucks! the sock market was a whole lot cuter and non-threatening. where's Ides of March and his "I hate to break it to you but the stock market is up?" The dude want's you to vote for McCain after he voted for bush twice in a row and this shit happens. Don't ever take advice from someone who voted for bush twice.
I'm investing in Liquor and Porn, essentially recession proofing my portfolio.
even asian business dudes are striking the distressed trader pose. we're screwed.
Croc market posts significant gains in heavy trading.
...in heavy treading. Oh fuck it.
Put your money into wine. With global warming there will soon be vineyards in Greenland. Ammunition and coffins would be a good investment too.
Are the bridges full of suicides now?
Mass suicide due to wallstreet meltdown now?
Right On #6 likker and porn will do good in this atmosphere
My idea of a combination titty bar/ likker store
should fare well in the coming months...
#10 don't hold your breath, Scientists have basically said that we are going into a period of Global COOLING.
FYI Politicians no longer use "Global Warming" now it's "Climate Change."