Late-night nervousness

[solarbird]

Japan closed down 9.4%. Hong Kong is down around 7% as I type. Indonesia fell 10% and they halted trading indefinitely. Moscow opened and immediately fell 13.7%; I don't know whether they're still trading, but their ... not-entirely-responsive website says they're down 14.2% right now. US Futures are not looking particularly good. Dollar is stable against the basket but the Yen is having a rocketshot, now up to US$1=円100.12; TED is still quite elevated but stable overnight.

Rumours are floating about UK credit card (Visa) refusals in Germany, but that appears to be false, sourced from a misunderstood situation regarding a German bank attempting to corral more customers by making its ATM policies less convenient for non-account-holding customers. (Making them go inside to see a teller, basically.) This is very different and not an actual refusal or failure. That's important.

See you in the morning...

Comments

[king-chiron.livejournal.com]

Ugh, this is making me sick. London just opened and they're already down 4+% despite an announcement to partly nationalize their banks.

ETA: Down more than 7% and it just opened, you have to wonder if there is a mechanism to temporarily close the market if it drops more than X%.

[rmd.livejournal.com]

meanwhile, how's AIG putting the bailout money from the american taxpayers to work? PARTY CENTRAL.
http://www.metafilter.com/75466/Screw-Disneyland-Were-Going-to-the-St-Regis-Resort-Monarch-Beach

[silussa.livejournal.com]

Russian market reopens Friday. Dow down 2% despite unified global rate cut of 1/2% (puts FED at 1.5%). However, the Dow bounced around a fair bit, being up for a while before dropping sharply near the end of the day.

All in all, no indication it's over yet.

[rmd.livejournal.com]

also, interesting look at the dow:
http://prock.livejournal.com/156369.html