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	<title>Comments on: Having an Ugly Day in Asia</title>
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		<title>By: luther</title>
		<link>http://www.nakedcapitalism.com/2008/10/having-ugly-day-in-asia.html#comment-22871</link>
		<dc:creator>luther</dc:creator>
		<pubDate>Fri, 24 Oct 2008 08:42:00 +0000</pubDate>
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		<description>doc &amp; anon@2:46,&lt;br/&gt;&lt;br/&gt;remember the tacoma-narrows bridge?&lt;br/&gt;&lt;br/&gt;http://www.youtube.com/watch?v=3mclp9QmCGs&lt;br/&gt;&lt;br/&gt;vibrational resonance baby...&lt;br/&gt;&lt;br/&gt;p.s. doc&lt;br/&gt;you should really read some baudrillard.&lt;br/&gt;right down your alley.&lt;br/&gt;try impossible exchange.</description>
		<content:encoded><![CDATA[<p>doc &amp; anon@2:46,</p>
<p>remember the tacoma-narrows bridge?</p>
<p><a href="http://www.youtube.com/watch?v=3mclp9QmCGs" rel="nofollow">http://www.youtube.com/watch?v=3mclp9QmCGs</a></p>
<p>vibrational resonance baby&#8230;</p>
<p>p.s. doc<br />you should really read some baudrillard.<br />right down your alley.<br />try impossible exchange.</p>
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		<title>By: Steve</title>
		<link>http://www.nakedcapitalism.com/2008/10/having-ugly-day-in-asia.html#comment-22863</link>
		<dc:creator>Steve</dc:creator>
		<pubDate>Fri, 24 Oct 2008 07:28:00 +0000</pubDate>
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		<description>Nikkei 225 off 9.6%, Dow futures currently down 429 (which is gigantic for the overnight futures).</description>
		<content:encoded><![CDATA[<p>Nikkei 225 off 9.6%, Dow futures currently down 429 (which is gigantic for the overnight futures).</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/10/having-ugly-day-in-asia.html#comment-22859</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 24 Oct 2008 07:09:00 +0000</pubDate>
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		<description>Holy glowing cat fur:&lt;br/&gt;&lt;br/&gt;``Financial markets have crashed and are out of control,&#039;&#039; said Yuji Ogino, an executive director at Meiji Dresdner Asset Management Co., which manages the equivalent of $28 billion in Tokyo. ``This crash is different from anything I&#039;ve experienced since getting into this business in the late 1980s and it&#039;s hard to find ways to ride out the situation.&#039;&#039;</description>
		<content:encoded><![CDATA[<p>Holy glowing cat fur:</p>
<p>&#8220;Financial markets have crashed and are out of control,&#8221; said Yuji Ogino, an executive director at Meiji Dresdner Asset Management Co., which manages the equivalent of $28 billion in Tokyo. &#8220;This crash is different from anything I&#8217;ve experienced since getting into this business in the late 1980s and it&#8217;s hard to find ways to ride out the situation.&#8221;</p>
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		<title>By: Anonymous</title>
		<link>http://www.nakedcapitalism.com/2008/10/having-ugly-day-in-asia.html#comment-22853</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Fri, 24 Oct 2008 06:46:00 +0000</pubDate>
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		<description>Throwing caution to the wind operators of the Large Hadron Collider increase power to the magnets even after cracks in the foundation of the machine become noticeable and it shakes violently.&lt;br/&gt;&lt;br/&gt;&#039;Damn the torpedos, full speed ahead&#039;, cried the mad scientists.</description>
		<content:encoded><![CDATA[<p>Throwing caution to the wind operators of the Large Hadron Collider increase power to the magnets even after cracks in the foundation of the machine become noticeable and it shakes violently.</p>
<p>&#8216;Damn the torpedos, full speed ahead&#8217;, cried the mad scientists.</p>
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		<title>By: doc holiday</title>
		<link>http://www.nakedcapitalism.com/2008/10/having-ugly-day-in-asia.html#comment-22840</link>
		<dc:creator>doc holiday</dc:creator>
		<pubDate>Fri, 24 Oct 2008 05:18:00 +0000</pubDate>
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		<description>Bad days on the increase everywhere, as work progresses on fixing The Large Hadron Collider; next week should really be fun!&lt;br/&gt;&lt;br/&gt;Off topic, to be sure, but obviously anything goes these days and what a shock, that systemic chaos is on the rise everywhere and now  --  glowing cats:&lt;br/&gt;&lt;br/&gt;... His eyes glow ghoulishly in the right light, just like any other cat&#039;s - but so do his nostrils, gums and tongue.&lt;br/&gt;&lt;br/&gt;Mr Green Genes of New Orleans in the U.S. is the country&#039;s first &#039;glow in the dark&#039; ginger tom.&lt;br/&gt;&lt;br/&gt;In daylight he looks normal, but put him in a darkened room and switch on an ultraviolet light, and his face will beam out a bright green.&lt;br/&gt;&lt;br/&gt;http://www.dailymail.co.uk/sciencetech/article-1080042/Meet-Mr-Green-Genes--worlds-glow-dark-cat.html&lt;br/&gt;&lt;br/&gt;&gt;  I can just see it now, little blue and green glow-in-the-dark fleas and glow-in-the-dark fur everywhere.</description>
		<content:encoded><![CDATA[<p>Bad days on the increase everywhere, as work progresses on fixing The Large Hadron Collider; next week should really be fun!</p>
<p>Off topic, to be sure, but obviously anything goes these days and what a shock, that systemic chaos is on the rise everywhere and now  &#8212;  glowing cats:</p>
<p>&#8230; His eyes glow ghoulishly in the right light, just like any other cat&#39;s &#8211; but so do his nostrils, gums and tongue.</p>
<p>Mr Green Genes of New Orleans in the U.S. is the country&#39;s first &#39;glow in the dark&#39; ginger tom.</p>
<p>In daylight he looks normal, but put him in a darkened room and switch on an ultraviolet light, and his face will beam out a bright green.</p>
<p><a href="http://www.dailymail.co.uk/sciencetech/article-1080042/Meet-Mr-Green-Genes--worlds-glow-dark-cat.html" rel="nofollow">http://www.dailymail.co.uk/sciencetech/article-1080042/Meet-Mr-Green-Genes&#8211;worlds-glow-dark-cat.html</a></p>
<p>&gt;  I can just see it now, little blue and green glow-in-the-dark fleas and glow-in-the-dark fur everywhere.</p>
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		<title>By: m</title>
		<link>http://www.nakedcapitalism.com/2008/10/having-ugly-day-in-asia.html#comment-22836</link>
		<dc:creator>m</dc:creator>
		<pubDate>Fri, 24 Oct 2008 04:51:00 +0000</pubDate>
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		<description>America is still, at least for now, the world leader.  All the other markets are just pale, lame reflections of the U.S. market.&lt;br/&gt;&lt;br/&gt;If the U.S. has a good day, the world markets have a good day.  If the U.S. has a bad day, the world markets have a bad day.  The only time it&#039;s different is when world markets are so fearful that they project U.S. markets will go down the next day and so they fall preemptively.&lt;br/&gt;&lt;br/&gt;The U.S. market today was down big except for some end of day PPT action.  It&#039;s on the verge of a potentially enormous collapse which could take the dow down to 7000-7500.</description>
		<content:encoded><![CDATA[<p>America is still, at least for now, the world leader.  All the other markets are just pale, lame reflections of the U.S. market.</p>
<p>If the U.S. has a good day, the world markets have a good day.  If the U.S. has a bad day, the world markets have a bad day.  The only time it&#8217;s different is when world markets are so fearful that they project U.S. markets will go down the next day and so they fall preemptively.</p>
<p>The U.S. market today was down big except for some end of day PPT action.  It&#8217;s on the verge of a potentially enormous collapse which could take the dow down to 7000-7500.</p>
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		<title>By: doc holiday</title>
		<link>http://www.nakedcapitalism.com/2008/10/having-ugly-day-in-asia.html#comment-22833</link>
		<dc:creator>doc holiday</dc:creator>
		<pubDate>Fri, 24 Oct 2008 04:42:00 +0000</pubDate>
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		<description>Tidbits:&lt;br/&gt;&lt;br/&gt;Japan&#039;s Nikkei-225 and the Dollar/Yen Dance&lt;br/&gt;&lt;br/&gt;http://seekingalpha.com/article/...ollar-yen- dance&lt;br/&gt;&lt;br/&gt;For instance, when the Nikkei fell below the psychological 10,000 in February 2002, former MOF chief Masajuro Shiokawa drew up plans to buy 2 trillion yen of stocks directly from banks, and ordered the Bank of Japan to increase its monthly bond purchases to 1 trillion yen to drive bond yields lower. The MOF bought Nikkei futures contracts, squeezing short sellers ahead of the March 31st, fiscal year end.&lt;br/&gt;Shiokawa then tightened short-selling rules and increased surveillance of bearish foreign brokers who accounted for half of the average daily trading volume on the TSE. &lt;br/&gt;&lt;br/&gt;In the biggest intervention operation in financial history, Japanese authorities sold a record 20 trillion yen in 2003 and another 15 trillion yen in the first three months of 2004, to purchase $300 billion US dollars, and prevent the greenback from falling below 102-yen. The intervention began to bear fruit in 2005-06, when Federal Reserve rate hikes to 5.25% lifted the USD from 105-yen to as high as 120-yen.&lt;br/&gt;&lt;br/&gt;&gt;  Now today (from Bloomberg)  ``Should the Nikkei fall below 8,000, 10-year yields will decline to 1.4 percent,&#039;&#039; said Koji Ochiai, a senior market economist at Mizuho Investors Securities Co. Ltd. in Tokyo.&lt;br/&gt;&lt;br/&gt;The government will compile a second economic stimulus package by the end of the month after having drafted a 2 trillion yen ($20.8 billion) plan in August. Finance Minister Shoichi Nakagawa said on Oct. 21 that selling bonds to pay for an additional package remains an option.</description>
		<content:encoded><![CDATA[<p>Tidbits:</p>
<p>Japan&#39;s Nikkei-225 and the Dollar/Yen Dance</p>
<p><a href="http://seekingalpha.com/article/...ollar-yen-" rel="nofollow">http://seekingalpha.com/article/&#8230;ollar-yen-</a> dance</p>
<p>For instance, when the Nikkei fell below the psychological 10,000 in February 2002, former MOF chief Masajuro Shiokawa drew up plans to buy 2 trillion yen of stocks directly from banks, and ordered the Bank of Japan to increase its monthly bond purchases to 1 trillion yen to drive bond yields lower. The MOF bought Nikkei futures contracts, squeezing short sellers ahead of the March 31st, fiscal year end.<br />Shiokawa then tightened short-selling rules and increased surveillance of bearish foreign brokers who accounted for half of the average daily trading volume on the TSE. </p>
<p>In the biggest intervention operation in financial history, Japanese authorities sold a record 20 trillion yen in 2003 and another 15 trillion yen in the first three months of 2004, to purchase $300 billion US dollars, and prevent the greenback from falling below 102-yen. The intervention began to bear fruit in 2005-06, when Federal Reserve rate hikes to 5.25% lifted the USD from 105-yen to as high as 120-yen.</p>
<p>&gt;  Now today (from Bloomberg)  &#8220;Should the Nikkei fall below 8,000, 10-year yields will decline to 1.4 percent,&#39;&#39; said Koji Ochiai, a senior market economist at Mizuho Investors Securities Co. Ltd. in Tokyo.</p>
<p>The government will compile a second economic stimulus package by the end of the month after having drafted a 2 trillion yen ($20.8 billion) plan in August. Finance Minister Shoichi Nakagawa said on Oct. 21 that selling bonds to pay for an additional package remains an option.</p>
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