The DOW and S&P both skid downhill Thursday. I was surprised that the DOW lost over 200 points especially when the past few weeks have been less turbulent.
Its also surprising to see oil prices dropping again. How is this explained? OPEC cuts production to increase demand and this is done to elevate the price. Yet prices are drifting down.
It would be interesting to have access to the elite insider information which apparently runs the show and runs it counter to public information.
No surprise hear with Toyota slipping except that this is their first loss since their inception. So this should alert anyone to the severity of the recession.
Following the Fed, The Bank of Japan is poised to announce an interest rate change. Odds are it will not be a rate increase.
Reuters: Nikkei falls 1.1 percent as Toyota slips, BOJ awaited
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