"It's a bomb," Jack Lamberton, a managing director of HSBC Securities, said.

"It's a marriage of convenience," said James Holder, an analyst with HSBC Securities.

In 1995, he became president of HSBC Securities, a big brokerage firm that serves large institutions.

Of those, an estimated 28.5 million have cable, according to a report by HSBC Securities.

"There are some weak spots emerging," said Ian Morris, chief economist of HSBC Securities.

"We're back on data watch," said Ian Morris, an economist at HSBC Securities.

"Within 10 minutes, it was as though nothing had ever happened," Christopher Low, an economist at HSBC Securities in New York, said.

"Most investors want everything yesterday," said Daniel Major, an analyst with HSBC Securities.

A 10 percent rise in the yen shaves about half a percentage point off Japan's economy over a two-year period, according to HSBC Securities.

"The market simply moved against them," said Rod Chisholm, an analyst at HSBC Securities.