With the Nikkei down 10% in the past hour

GoldenEyeNumismatics

What should we expect for tomorrow?

Hyperion

this thread to be poofed for being OT

Goldbully

Certainly not that...I predict a sideways to up day!!!

Hey, it's Friday!!!

bidask

Cascading crash,

does that mean I should sell my japanese coins?

tradedollarnut

IMO, the quick and dirty scenario is a 1,000+ point loss for the Dow tomorrow followed by a 500 point loss the first hour on Monday [to put it in the 6900 range]. After the first hour, the new bull market begins.

That's the quick version. Add however many days to it that you need to in order for it to play out.

MrEureka

TDN - Since you're the man with the crystal ball, what do you expect for the rare coin market?

MrEureka

does that mean I should sell my japanese coins?

The yen has been so strong lately that, in US dollar terms, your Japanese coins may actually be appreciating!

LanLord

<< <i>does that mean I should sell my japanese coins?
>>



If you have a YEN to.

cladking

<< <i>

<< <i>does that mean I should sell my japanese coins?
>>



If you have a YEN to. >>




That don't make no sens.

GrumpyEd

<< <i>The yen has been so strong lately that, in US dollar terms, your Japanese coins may actually be appreciating! >>



Andy read my mind.

It's the first time I've ever seen the Yen pass the US cent!

Scary!!!!

seateddime

it is a blood bath

tradedollarnut

The Nikkei is down 8.88% as I look at it now - which is rather ironic considering 8 is a very lucky number in the Orient.

Andy - I think that certain coins will be selectively strong. Some items that normally wouldn't be available will come on the market and they will be snapped up by strong players. But all in all, I think the market is already off 20-25% and will trend lower.

MrEureka

I think the market is already off 20-25% and will trend lower.

Oh, my! That is a bummer.

bidask

Broadstruck

But on a lighter note... I just saved a bunch of money on my car insurance with AIG!

COALPORTER

BLACK FRIDAY...I hope...Let's just get on with it and get it over!

seanq

I've been saying for a few years now that I'll never be able to afford to retire. One day they'll just come into my office and find me dead behind my desk. The only difference now is that at my funeral, the eulogy will mention how lucky I was to have a desk to die behind.


Sean Reynolds

Coxe

Makes little difference to me. I buy equity in solid companies. If buying opportunities develop, I will increase my stakes. If these companies go out of business, otherwise liquidated dollars won't be very useful anyway. Fund managers must be pretty upset. Having to sell off good stocks at bad prices to satisfy fund share liquidations......right around when they are being performance evaluated for annual bonuses. Boo-hoo.

FullStrike

<< <i>I've been saying for a few years now that I'll never be able to afford to retire. One day they'll just come into my office and find me dead behind my desk. The only difference now is that at my funeral, the eulogy will mention how lucky I was to have a desk to die behind. >>




Tis better to wear out than to rust away.



At my workplace, many are dead already but they just don't know it. Others are just sleeping - especially those on third shift - got to get their rest so they can handle their day jobs.

Longacre

I view the current turmoil as an opportunity. If you have a solid balance sheet at home, you really don't have a lot to fear. The markets will rebound because people need to make money (even if it is just on paper). That's the American way, and things are not going to change.

UtahCoin

Futures down another 250 points. Going to be a bloody day...

Barry

<< <i>I think the market is already off 20-25% and will trend lower.

Oh, my! That is a bummer. >>


I think it's healthy. The coin market should not expect irrational exuberance. One of the reasons I stopped buying coins is they got too pricey for what they were.