Looking like its gonna be Blood Bath for the markets in the morning....
Black Monday????
Got any Gold????
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Asian Markets Sink After Wall Street's Drop Reawakens US Recession Worries; Nikkei Down 4 Pct
SEOUL, South Korea (AP) -- Asian markets tumbled Monday morning as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news reawakened worries about a U.S. recession.
Japan's benchmark index sank 4 percent, while Australia's market fell 3 percent and key indices in South Korea and Hong Kong were down nearly that much.
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US recession clouds cast dense shadow on market
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Stocks down, $40bn wiped from market
Australian shares dropped as much as 3 per cent on Monday, wiping about $40 billion off the market's value, on growing concerns that the US economy would fall into recession, damaging Australian and global growth
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Dollar drops to record low, pulling Asia stocks down with it...
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HONG KONG, March 3 (Reuters) - The dollar slid to a 3-year low against the yen on Monday, and Asian stocks fell, with Tokyo's Nikkei shedding 4 percent, burdened by growing fears about a U.S. recession and more writedowns in the financial sector.
The dollar fell as low as 73.531 .DXY against a basket of six major currencies, taking it to the lowest since the index was started in 1973.
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Gold hits 4th straight record on tumbling dollar
SINGAPORE (Reuters) - Gold edged closer to the $1,000 an ounce mark on Monday, setting a record high for the fourth straight day after the dollar tumbled and crude oil held near an all-time high.
Gold has gained more than 17 percent in 2008 as investors shift some of their money into the precious metal on expectations of more interest rate cuts in the United States, volatile stock markets and fears of rising energy costs.
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Chavez warns of war with Colombia
Warning that Colombia could spark a war, Venezuelan President Hugo Chavez sent tanks and thousands of troops to the countries' border Sunday and ordered his government's embassy in Bogota closed.
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Peace talks halted as Israel moves into Gaza
Israeli-Palestinian peace talks were suspended yesterday as Israel's bloody assault on the Gaza strip forced militant and moderate Palestinians to unite in protest.
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What a mess...
Just my opinion...
