Can anyone explain why the Nikkei has been stuck at

[bicentennial_baby]

-516.41 for over an hour?

:)

[Forkboy]

1. You don't want to know.

:scared:

[mrreowwr_kittty]

2. CNBC said they're on a lunch break.

Seriously. That's what they said. Dropping should resume momentarily.

[bicentennial_baby]

Ah. I'm watching, didn't hear that...Figured as much

Sigh, long night for me.

Thanks! :hi:

[Warpy]

19. My head already hurts

but I was warned yesterday morning to expect this one.

At least it's happening on the watch of many of the men who are responsible for setting up the conditions for it.

[gravity]

3. lunch

[malaise]

4. Duct tape!

:D!

[puerco-bellies]

Automatic stops may have kicked in.

Most markets have kind of a "kill switch" to keep a market from plunging beyond a certain point per hour or day.

[Xenotime]

7. That's what I think. This is not a good sign.

[DemocratInSoCal]

5. I Think Their Market Might Close For A Period

Something tells me that they have some sort of mid-day break, where the market closes for an hour or so.

Bloomberg isn't saying anything, so I think it's just normal.

[selador]

20. this is correct

Nikkei closes for lunch.

this is not unusual for asian markets. several others do the same.

i trade nikkei futures on occasion. just something you gotta get used to.

[Bluebear]

6. I don't suppose "siesta" is a possiblity

:scared:

[bicentennial_baby]

8. Lunch!!

See above. :)

That's what I figured.

This Econ major is going to have a looooong night. Emails flying. Weeeee. x(

[Purveyor]

9. Thought I was the only one who noticed that. Lunch break? Hmmmm.... eom

[bicentennial_baby]

12. I've had my eye on the number for a few hours...

My fellow Econ buddies are freaking. Hmmmm

[Yael]

10. Bloomberg reporting -$540.

Lunch break is over.

http://www.bloomberg.com/index.html?Intro=intro3

[bicentennial_baby]

13. Yep, and India markets open in a little under an hour.

Not looking good.

[AlCzervik]

11. it should still be trading, they don't actuall break for lunch do they? anyhow ap link

not pretty.
http://ap.google.com/article/ALeqM5g1kh8Emk8y3QjP3wSYOgtefig50wD8VETPSG0

[bicentennial_baby]

14. Dominoes fall...

It's the emergency Discount Rate cut that worries me most. Sunday? Unprecedented in recent history. Goddamn, I wish I was an English major!! :yoiks:

[AlCzervik]

16. actually i think the whole current economic situation will serve you well in your studies

things certainly aren't boring right now.

[bicentennial_baby]

17. True! It is an illuminating lesson...

My Profs are sorta morose...it's so ugly. The future MBAs are salivating and the pure Econ majors have furrowed brows. Me, I'm just sitting back and taking it all in, so educational and instructive. :)

:hi:

[Duer 157099]

15. -493.70 now (dead cat?) n/t

[Duer 157099]

18. -447.46 now

definitely a dead cat bounce.

[Neshanic]

21. Godzeellra tapped on building.

[Duer 157099]

22. -389.93

seems to be testing the 11900 level, can't seem to push above it...

[bicentennial_baby]

23. And CNBC continues emergency reception...

Huh...

We're all so f'd.

[Duer 157099]

24. -438.28

...