Friday, October 10, 2008

T-minus a few days till the riots start



At the start of Friday's session, losses for the year totaled a staggering $8.3 trillion, as measured by the Dow Jones Wilshire 5000 Composite Index.
A stream of selling forced exchanges in Austria, Russia and Indonesia to suspend trading, and those that remained opened were hammered. The rout in Australian markets caused traders there to call it "Black Friday."

Global stocks sank;
  • Britain's FTSE-100 down 8.09 percent
  • German's DAX down 9.4 percent
  • France's CAC-40 down 9.7 percent.
  • Japan's Nikkei 225 down 9.6 percent

In midmorning trading, the Dow fell 197.61, or 2.30 percent, to 8,381.58.

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