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Japan’s markets spared from Monday trading

September 15, 2008
By Ken Worsley


Japan’s markets are closed for the national holiday, and Steven Towns explains why that’s a good thing over at Seeking Alpha. Still, Tuesday might not be much better. The US markets open in a few hours and large drops are expected. It’s not crazy to suggest that the Nikkei could move back below 12,000 points sometime before Tuesday’s lunch break.

And over at Alpha Sources, Claus Vistesen has posted a must-read entitled Japan - The Recession is Here.

Filed Under Economics, Equity Markets 

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Comments

5 Responses to “Japan’s markets spared from Monday trading”

  1. Matt on September 16th, 2008 10:47 am

    11,651 right now. Maybe Nikkei 225 races the Dow to 10,000?

    Who’s going down this week? I think AIG makes it through the week. Wamu–I’m not so sure about? Where are the big hedge fund explosions? We’ve seen a bunch of voluntary “I quits,” but what about the “Double down here… Oh crap!” explosions?

    And what is the deal with Bernanke? I thought that he would be running the printing presses full on. What gives?

  2. Matt on September 16th, 2008 11:03 am

    Well, AIG is turning out to be a different story than I suggested above. A ratings downgrade has been announced. That seals the deal. I don’t think that they can make it to the weekend for a government Sunday Special bailout.

  3. Ken Worsley on September 16th, 2008 11:25 am

    Matt,

    Sadly, I think you’re right…and AIG is worth five times more than Lehman and WaMu combined. 116,000 employees. But it doesn’t seem like anyone can afford the risk right now.

  4. Ron Paul 08! on September 17th, 2008 9:14 pm

    $85 billion to AIG and how many more billions in taxpayer dollars to bail out failed firms? Private risk should be kept private! US taxpayers see their money build bombs and give bailouts. This is communism.

  5. serdar on September 19th, 2008 6:54 am

    This is the most obvious sign of the inability to monitor the dynamics relating to financial infrastructure that has changed to every country’s economic perspective in the global market.

    As for those bailouts,
    They could help us live for today but tomorrow may never come….

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