It is a Global Stock Market crash...
by louisprandtl, Fri Oct 10, 2008 at 12:32:42 AM EDT
European and Asian markets have tumbled once again today. Nikkei saw its worst crash today in 20 years. This is definitely a global economic crisis....
http://markets.on.nytimes.com/research/m arkets/worldmarkets/worldmarkets.asp
http://www.reuters.com/article/topNews/i dUSTRE4991VK20081010
US Markets futures are down, today may not be a good day. We haven't seen the bottom yet...
http://www.bloomberg.com/apps/news?pid=2601087&sid=afFlGdXQutAs&refer=home
Iceland is on the verge of bankruptcy.http://ap.google.com/article/ALeqM5hJdb2RwrEg_X8yNRHcVvn_OE9vKwD93LRO8O1
Sorry folks, not good news today...Market don't really have any confidence currently on Paulson, Bernanke et al to be able to handle the crisis. Paulson bailout plan haven't really made any difference yet. And the financial instruments that the Central Banks can use for stemming the market fall and then recovery are getting limited...expect more interest rate cuts.
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myDD - skin
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