Page 5 - Panic Selling News Today

Catastrophic. its unthinkable. when you do that, what do you think you do to investors or worried about your own political future? >> and mr. money joins us on the couch. good morning to you. >> good morning. >> its interesting over the weekend, they were talking about how, ok, were going to come together with a plan before the markets open in asia and the united states. no plan. whats happened? >> ok, no panic selling of stocks. thats the headline. no panic selling. the stock market will open l...

>> the odds of you standing there with the big check are just north of zero. so, why do we buy a ticket? >> are you ready. >> scott hotel is part of duke universitys neuroeconomics team, exploring among other things why smart people make foolish decisions with their money. >> people dont buy a lottery ticket just because they have a chance of winning. they will buy a ticket because over the next couple days it allows them to fantasize what they would do if they won the lottery. in a se...

Were supposed to be rational and objective but often our behavior is anything but that. as we saw last may. >> panic selling. the flash crash of may 6th, 2010. the dow plunges nearly 10% in less than 30 minutes. the panic leading to a suspension of logic. >> rationally, it was clear that something was amiss, something was going on. >> the human brain really does not like surprise. the reason the flash crash was so devastating, is because it was so inexplicable. it caught people completely by sur...

10.5% down yesterday, and thats what happened today, the nikkei closing 5.7% higher today. there was some bargain hunting. that is what traders are saying. this is what its all about. basically, such a big selloff, panic selling yesterday. everything was being dumped, basically. buyers coming in today, companies -- big companies like toyota getting a boost, sony up nearly 9%, toyota the same. a lot of people thought this selloff had been overdone coming in today to pick up what they consider bar...

Japan. $720 billion, that is the number that were hearing of how much has been wiped off the value of the japan stock market. thats an incredible number. and this is why. theres been another big, big selloff today. if you look at the nikkei 225, down by 10.5% at the close, it was down by 14.4% at one stage today. this was panic selling. the market players in japan were saying that everything was being sold today, particularly by the big hedge funds. they were just dumping stocks. you had this ...

Crisis in japan. thats according to jeffrey sachs there. lets get a little more short-term now. a close look at whats happening, kirby, first of all, japan has been something of a darling in the international markets over the past few months. when you see this sort of panic selling, do you think this reaction -- what many would say knee-jerk reaction is actually overdone? >> its hard to tell. what would be the right level? 8,200? 8,500, 9,000? we need time to assess. this is what i would call nu...

>> japans nuclear crisis is also sure to echo on capitol hill. this is a meeting of the senate energy committee, which helps set the national policy on nuclear power with so many alarming developments now unfolding at japans damaged nuclear plant, the topic is almost certain to prompt discussion here. well keep our ears open for you. the disaster in japan has thundered around the world and rattled investors. the nikkei index plunged. alison kosik, whats happening now? >> carol, were about 40 m...

Buckle up. the first minute of trading the dow industrials down 184 points and analysts say what youre seeing is the u.s. market pricing in the worst case scenario with japans cries with loss of life and affects of radiation on the economy. this become a global crisis and not just a disaster confined to japan. in the world markets, japans nikkei fell almost 11% on tuesday. that is 17% in just two days. almost every sector is being hammered. im talking about electric companies, nuclear power comp...

With you yes can we give this a name at this point i mean what are you hearing there if its not a crash is that a correction or is it a curve ball that investors have to try to hit. technically its a correction and nobody here is talking about a crash or any panic selling and we would need to drop fifteen twenty percent of probably to talk about a question or something like that but nobody uses this word over here at this point and then what about the rest of the world and what does this look li...

Like what they see. they think d.c. is playing politics with the nations financial future. you are right, some people were expecting what i would call panic selling when things opened up this monday morning. that probably not going to happen. the dow industrials will open maybe 100 lower. there has almost been panic tbhieg gold. we have a new all-time price. bill: you remember the days west was well below $300. asia is selling off by half a percentage point. thats not a big deal. a lot of that i...