Nikkei Falls 2.8 Pct on U.S. Economy Worry

[Zorra]

April 20, 2005 9:21:00 PM ET
TOKYO (Reuters) - Japan's Nikkei share average fell 2.87 percent to four-month lows by mid-morning on Thursday as renewed concerns about the strength of the U.S. economy triggered a broad sell-off.

As of 9:03 p.m. EDT Wednesday the Nikkei had lost 318 points to 10,770.58, its lowest since December 10.
snip----
``Renewed fears about U.S. shares and the U.S. economy pulled the trigger,'' he said

In New York, the Dow sank to a whisker above 10,000 to its lowest close since October after a jump in consumer prices last month fanned concern about inflation and sharper interest rate increases ahead.

http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20050420&ID=4384418

What economic and psychological ailment do you get at the same time when you have a republican House, a republican Senate, and a republican WH?

Depression.

[xray s]

1. Is the financial world finally waking up?

We have an ideological driven moron leading this country.

And it only took them five years to figure that out.

[Tandalayo_Scheisskopf]

2. Wishful thinking.

Mystical thinking. They thought that he would just wake up someday.

[Renew Deal]

3. Damn

That's a major drop. One CBS Marketwatch analyst thought the market could bottom out this week. I think we're only getting started.

[cliss]

4. I think

you're right. If you look at the total economic picture of where we are, there's only one direction for the stock market to go.....down.

All the leading indicators are pointing to a downward trend. I can't quote a single figure that's promising, other than the unemployment picture, which I think is inching up.

I believe it's around 6% now, but I don't trust that figure. I think a lot of discouraged workers have given up or peoples' unemployment compensation has run out, so they are not part of that 6% any longer.

Everything else is pointing down.

[Tandalayo_Scheisskopf]

5. The real number...

The U6 number is a lot more.

But you know when you will know it's getting bad? When the fweepeeZ start really fighting amongst themselves. When about half of them wake up. It's coming.

[Birthmark]

7. The real number is even higher than the U-6

After 12 months of not looking for work, a person gets chucked off the U-6 and into the Not in Labor Force category. The number of people Not in Labor Force has increased by a staggering 6.3 million since Bush took office. That's on top of the U-3 unemployment increase of 1.3 million. So altogether, there are over 7.5 million more people not working today than when Bush took office!

[Renew Deal]

6. It appears to have recovered some

http://ichart.finance.yahoo.com/b?s=%5EN225


Index Value: 10,896.53
Trade Time: 12:14AM ET
Change: 192.05 (1.73%)
Prev Close: 11,088.58
Open: 10,950.73
Day's Range: 10,770.58 - 10,952.28
52wk Range: 10,920.66 - 11,975.46