Monday, January 21, 2008

01.21.08 - Global Recession Panic

It's a good thing the U.S. markets are closed today. Brace yourselves, the foreign equity markets are down 4-6% as of the time of this writing. Tomorrow is going to be a tough day.

Edit: Scratch that, the German DAX is now down about 7%. Not many periods in recent history with as fast a sell off as we have recently seen. Hard to imagine a 1987 scenario in these "modern" times, but I suppose anything is possible in this fast moving environment.

Blog to Read:

Calculated Risk - Past Bear Markets & Recessions

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