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Lima stock exchange drops record breaking 11 percent - Trading halted

Living in Peru
Israel J. Ruiz

The Lima stock exchange dropped 11 percent on Friday morning to 7,606 points, Peru's largest drop ever.

Even though trading was halted for 30 minutes on Friday morning in an effort to prompt a recovery, the IGRA index continued on a downward spiral, forcing the Andean country to suspend trading indefinitely.

The Lima Stock exchange opened at 8,637.23 points Friday morning and saw drops over 9 percent in all of its main indexes before the 30 minute halt.

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# David says :
10 October, 2008 [ 15:21 ]

While the markets are closed to people like you and me the power brokers are cutting there losses and restructuring there portfolios.

Just another way to stop the bleeding, but not for the avg. citizen.

# Bubba Gumb says :
11 October, 2008 [ 12:09 ]

Once upon a time, on a secret island, there is this remote internet communication site. Dr. Goldfinger and his computer evil henchman, develop a computer virus for controlling the banking lending system, stopping the lending for several weeks. As he observes the whole system crashing and the stocks taking a dive, he laughs and laughs, buying stocks on the pennies. Several weeks or months from now, Dr. Goldfinger will release the money flow and the stock exchange will resume normal.  Dr. Goldfinger will be a trillion-are by then....... he snorts and laughs.... bahaaaa, wrenching and  curling his hands, over and over, bahaaa... !

WHERE IS 007 TO SAVE US ALL???

# jb says :
11 October, 2008 [ 12:24 ]

In economic bad times is when the rich get richer.  Cash is King baby. 

# Jeff says :
11 October, 2008 [ 14:20 ]

Hmmm, imagine the President, woke up with a dream and decided to approach the Peru people with a dream. "Peru!!", lets build a Peru home energy system. Let’s build windmills, solar panels, create more lakes and water reserves, plant trees, find ways to store energy cheaply and over all create jobs. These energy systems will require builders, electricians, mechanics and more. We will make better use of our own oil, natural gas.  For the average Peruvian I offer to lower you energy bill, promote more jobs and clean the environment at the same time. I will encourage our government to find contractors to build simple, good, clean homes for our people who all can afford them. We will make more lakes and wells so clean water is more available. Also by becoming more energy independent from the world, I make our country less influence by world politics. I will create more schools, so all our children can have more opportunity. As a whole Peruvian Citizen, I offer more freedom, by being more energy independent and environmentally friendly! 

# jeff says :
11 October, 2008 [ 18:34 ]

 If you think of an economy like a pyramid. The most blessed are at the top and the most helpless are at the bottom. We as Christians who are blessed, should help the helpless. If you raise the bottom of the pyramid,the foundation rises and so does the whole pyramid. The problems with most leaders or groups of leaders at the top of the pyramid, they are so focus, so selfish on themselves, the top of the pyramid grows and grows and becomes fat and wildly. Eventually the top of the pyamid becomes like a big fat head with a narror neck. But the neck can not support the head and snaps. Power corrupts and the head destroys its self. The structure colapses.
 The blessed Christians should always focus on the most helpless. To fight corruptions of power, always encourage free speech and elect leaders of the peoples wishes!