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Tuesday, September 30, 2008

The Dow Plummets Then Rebounds Many Losers Than Just Wall St.

3:50 PM | Author: Brett Bumeter - Anonymous | | | Edit Post
With the current instability in the United States economy and the economic crisis wave spreading across the ocean to the other major world markets, no industry is immune. This morning, the Japanese markets were effected due to fears that Americans would be unable to purchase products by Sony, Toyota and Honda. All three of Japans largest exports saw their values decline. 
Worldwide, distributors are seeing their costs increase and business slow down predicated on the fears from investors across the world who are "in bed" with the United States economy. Granted, almost every major index was down yesterday and rallied modestly today, but the instability means anything but business as usual. 
It will be interesting to see how these factors play out tomorrow. Asian markets will open in about 5-6 hours, will they recover similarly as Wall St. did this afternoon all but erasing a 777 point drop? This worldwide financial crisis is on the verge of bubbling over and scalding everyone.
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