Hmm... Japan's Markets Open With A Dive !!!

[WillyT]

Down 1.64% of value.

Nikkei 225 10,575.47........... - 181.73 10:53
Nikkei 500 980.90............... - 21.00 10:53
Nikkei 300 207.44................ - 3.71 10:53
Nikkei JASDAQ Average 1,844.16.. - 12.40 10:53
TOPIX 1,077.64.................. - 19.17 10:33
TSE 2nd Section 3,054.84........ - 29.83 10:33
JASDAQ Index 88.86............... - 1.02 10:33

Link: http://www.nni.nikkei.co.jp/CF/FR/MKJ/

World Markets: http://finance.yahoo.com/intlindices?u

We'll see if this spreads tomorrow.

:shrug:

[Tandalayo_Scheisskopf]

1. On what?

Why?

[WillyT]

5. Too Lazy To Register At Nikkei, But...

The news article's title is: 09:43 - Stocks: Open Lower On Worries Over High Oil Prices

:shrug:

[Zynx]

2. That's not exactly a huge move.

[WillyT]

6. Maybe, But It Can Sometimes Start A Trend That...

spreads around the globe to all the other markets.

Plus... with Japan being a major note holder on OUR national debt, I'm not sure you want Japan gettin panicky.

Of course I'll defer to those on this board who actually know something about the markets and how they work, cause it sure ain't me, LOL!!!

:hi::shrug::hi:

[Cat Atomic]

3. Something to do with Venezuela, maybe?

Doesn't Japan get alot of their oil from Venezuela?

[Gman]

4. Oil pipelines in Iraq were blown up

as well as the Venezuela situation.

Look for big drop here tomorrow. At least because there has been nothing to cheer about so far with 2nd Q results that would keep the market up.

[bemildred]

7. Dropped 2.5% Friday. nt

[Andy_Stephenson]

8. Look at gold as well.

[bemildred]

9. I am a bit of a skeptic there.

The last time I saw gold/$ with a steady uptrend, the yen
and the Nikkei were doing likewise. Not saying it won't
go up, but things look deflationary to me right now, or maybe
just drifting sideways.

[Andy_Stephenson]

10. I am a gold believer...

I have an average buy price of $286...I am a happy camper.

[bemildred]

12. At $286, you should be happy.

I was not paying attention back then.
I have another friend that was, he's happy with silver too.

[linazelle]

11. Here's what the news is reporting...

Oil prices dropped between May and end of July but are on the way back up. They dropped about $.10 nationally.

Food prices dropped :eyes: which caused the CPI to increase only slightly.

I'm no scientist, or economist, but I the one thing I personally am not seeing is food prices drop. I don't know what tricks they are playing with the representative food basket they use to measure CPI but if anything, food prices are higher--small steaks are $13 each a the local supermarket.

Interest rates increased because inflation (which is always due to rising prices) is heating up. This will cool off the one area that's fueled the economy for years--the housing market.

All in all, it's easy to see why the markets might be slipping.