Japan's "Stock" Futures Index Plummets 16% Before Automatic Safeguards Triggered a Shutdown

In what is turning into what could be a prelude for the U.S. Stock Market, the Nikkei 225 Stock Average plunged by an astonishing 646 points as Japan's banks injected $85 billion (U.S.) into the Japanese economy. Oil plunged under $100 a barrel.

This could be what's in store for the U.S. Markets this week as there are a few hours before the U.S. Stock Market opens.

http://www.msnbc.msn.com/id/42065021/ns/world_news-asiapacific/

Stocks are headed for a lower opening as investors assess the economic fallout of a massive earthquake in Japan.

http://finance.yahoo.com/news/Stocks-headed-lower-following-apf-2899952079.html?x=0&sec=topStories&pos=1&asset=&ccode=

I was expecting the stock market to be even lower than the 115 points it has currently lost. I'm wanting it to drop a lot lower than it already is. I'm expecting 500 a day point drops.

kemcha wrote:I was expecting the stock market to be even lower than the 115 points it has currently lost. I'm wanting it to drop a lot lower than it already is. I'm expecting 500 a day point drops.

The day isn't over yet!

Let's hope not.

Is that correct Kemcha? The price of oil went DOWN? That is not what I would expect from this disaster.

It dropped to $99 a barrel for crude oil.

Probably due to all the cars ruined in Japan that wont be using any gas right now or ever.

More bad news, Japan's Futures Index plummeted 16% before the system automatically cut off all trading. The safeguards are designed to prevent a sell-off that would collapse the Japanese economy and affect worldwide markets:

http://www.msnbc.msn.com/id/42067913/ns/business-world_business/