Japan's Nikkei down 753 points.....Lock the windows in lower Manhattan skyscrapers tomorrow!

[marmar]

http://www.bloomberg.com/index.html?Intro=intro3

:scared: :yoiks:

[aquart]

1. Don't.

[Mojambo]

2. No kidding.

Holy shit. It's gonna be ugly.

[NYC]

3. More:

VALUE CHANGE % CHANGE
Topix 1,231.47 -62.27 -4.81
Hang Seng 21,904.13 -1,914.73 -8.04
Singapore Straits Times 2,776.14 -141.01 -4.83
S&P/ASX 5,186.80 -393.60 -7.05

Sorry for the misalignment.

First number: Value
Second number: Change
Third number: % Change

[ORDagnabbit]

4. holey moley....been waiting for the bubble to pop...now that it has....I'm a little scared

tomorrow will be historic

[niceypoo]

16. Just be glad it is happening now, and not in a year

blame will be placed exactly where it belongs, on the REPUBLICANS shoulders.

[Elspeth]

5. Holy crap

:scared:

[MidwestTransplant]

6. They stopped building them with windows after 29'

[TahitiNut]

7. The Hang Seng is off more than 8%!

Hang Seng 21,904.13 -1,914.73 -8.04


Sheesh!

[Tatiana]

11. Stunning.

The jig is pretty much up for us. I don't see us doing too much rallying.

[Ichingcarpenter]

13. A Marxist analysis

is something this board doesn't want to listen to.

Involving war economies and

Since 1974, we have entered a new phase of capitalist development, where booms do not, as in the past, lead to a general rise in living standards, but are now increasingly achieved at the expense of the working class. Social inequality has become a chasm everywhere, with obscene riches at one end and extreme and increasing poverty at the other. In all countries the share of profits in the national income has increased to record levels while the portion dedicated to wages has fallen.

The process of concentration of capital predicted by Marx has increased to unheard of levels through continual mergers and asset stripping. Today, some 500 international monopolies account for 45% of world output.

[TahitiNut]

15. Corporate Profits as a ratio to Employee Compensation has not been higher since 1929.

It's blatant.

[Ichingcarpenter]

18. But nobody wants to admit it

Thanks, my old friend, you proved my point.

[neverforget]

8. In this upside down Bush world, bad news overseas means good news

over here. I'm just talking out of my ass but I wouldn't be surprised if the markets stage a sucker rally Tuesday.

[dkf]

9. Where the hell is the FED!

Dammit Bernanke. You screwed up so bad it isn't funny.

[MercutioATC]

19. I was skeptical they'd take action at first, but this is looking bad....

...I'd look for an 8:00am 1/2 point rate cut.

...of course, that'd be one of the worst things the Fed could do, but they have a vested interest in saving the market.

[dkf]

20. Yeah like the whole freaking global market, not just us.

Bush better step on it too.

[TheWatcher]

22. They have vested interest in saving the MARKET.

The rest of us can eat cake, as far as they are concerned.

The rate cut and rally that will follow will keep the sheep entertained and asleep whilst the fleecing commences again at a later date.

They can cut rates to zero and it won't make much difference.

They did that before and all it did was stave off the rot for a few more years. Perhaps we'll get that again.

But hey, at least a lot of people will feel good when the market jumps back up again for awhile, and we'll have front row seats for the Greatest Transfer Of Wealth In History.

Watch and be amazed.

[tridim]

10. So what happens if all the major world economies collapse at the same time?

Is this uncharted territory?

[gateley]

12. Good question. I don't have the answer, but I hope someone does. nt

[TahitiNut]

14. The Great Depression was world-wide, contrary to most US-centric assumptions.

:shrug:

[tridim]

17. I know global trade collapsed back then..

But global trade was nowhere near the level it is today.

What would happen to China if we couldn't afford to buy their stuff any more?

[malaise]

21. Please don't n/t