Watching the Nikkei drop 14%, no 10.5%

Seen on many finance sites today. Fallout in Tokyo, three hydrogen explosions one with a radioactive 'burst' and a fire at the Fukushima nuclear plant. USS Reagan gets a month of radiation exposure in one hour.

S&P 500 50MA is 1,302, if it drops below that it may trigger a long downward trend. Quote.com is saying 1,296.

I had a feeling it was going to happen.
Wondering what the Dow jones is going to look like tomorrow.

reply to post by Flyzoid


So far pre-market US markets are looking to open 2% down and likely drop from there. Interesting note, virtually everything is down commodity-wise... except corn? That one made me scratch my head.

Originally posted by burdman30ott6
reply to post by Flyzoid

 

So far pre-market US markets are looking to open 2% down and likely drop from there. Interesting note, virtually everything is down commodity-wise... except corn? That one made me scratch my head.

Ethanol usage increase? Either more for gas additives or more down the hatch...

I would preferably drink it rather than put it in my car.

Edit: More info

I picked a bad day to stop drinking.

Second line. Airplane the movie.

So... the Nikkei ended UP on their trading, yet the Dow is DOWN over 230 points today? Man, that goes to show how wrecked the US economy is. We didn't even suffer the devistating disaster that Japan did, yet our markets are being exposed for the weakness and manipulation that run through like a cancer.