You think YOU'RE having a bad day?
Category: Just Plain Silly...
Posted Thursday, December 08, 2005 at 11:24 AM [GMT-6]

From today's Wall Street Journal:

A massive botched trade by Mizuho Securities involving shares of a small Japanese firm that debuted Thursday spooked investors, sparking a selloff in brokerages and dragging down the Tokyo stock market.

The unlisted brokerage unit of Mizuho Financial Group Inc. said it mistakenly placed an order to sell 41 times the number of outstanding shares of the recruiting company, J-Com Co., which had just started trading on the Tokyo Stock Exchange's market.

The article goes on to say that the Nikkei 225 sank 301.30 points, or 2%, to 15183.36 as the brokerage selloff engulfed the whole market, with all 33 subsectors of the broader Topix index of all Tokyo Stock Exchange First Section issues ending down.

In a possibly related news item, it's reported that shares of Thaitsuki Nihonto are trading near an all-time high. Thaitsuki is a leading manufacturer of seppuku swords.

Disclaimer: Parts of this post are made up. Can you tell which?

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Comments

Parts of this post are made up. Can you tell which?

Let me guess?? The part about you actually reading WSJ????

Posted by: shannon at December 8, 2005 02:52 PM

Shannon's very funny. :-)

I'd say it's the part about the "hara kiri" swords, although I did enjoy a laugh over the juxtaposition of stories.

Posted by: Gwynne at December 8, 2005 05:08 PM

I think Shannon gets a star for the day, don't you.

Posted by: Jim at December 8, 2005 08:29 PM

I figured that quoting the WSJ would be more impressive than admitting that I got the story from Grit.

Posted by: Eric at December 8, 2005 09:29 PM
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