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An Absolute Bloodbath – Japan’s Nikkei Plummets w/ the Dow

August 05
08:03 2011
Ravelle Mohammed writes:

Katrina.Tuliao

Wall Street’s bell closed on the worst day U.S. stock markets have seen since the 2008 financial crisis, with the Dow plunging 512 points on Thursday.

Asian stock markets appear to have followed suit, recording sharp declines, on Friday – extending a global equity sell off after Wall Street plummeted.
Other countries are also feeling the backlash: Australia’s All Ordinaries fell 4.3%, Japan’s Nikkei dropped 3.5%, and South Korea’s Kosp dipped 3.6%.
The U.S. stock market was on a continuous downward spiral and finally hit bottom today, as investors cracked under the pressure of a worldwide economic decrease and lack of stable financial markets.
“It was an absolute bloodbath,” said John Richards, head of strategy at RBS Global Banking & Markets.

I’m just waiting for the alien civilization to pour out from middle Earth and announce that everything’s going to be all right for humanity. “Everything’s going to be all right, Earthlings,” the alien spokesman would say, “well, pretty much.” 

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