There were huge losses on global stock markets last night/today. The U.S. Markets were closed so tomorrow will be very interesting. There are many perspectives to look at today. Here are my favourites:
Ritholz: So Much for the Decoupling
Mish: Global Bloodbath
AP: Stock Markets Plunge Worldwide
Ritholz: So Much for the Decoupling
Mish: Global Bloodbath
AP: Stock Markets Plunge Worldwide
My favourite picture of the day is this gem showing reactions at the Bombay Stock Exchange to the crashing market. It's like neanderthal man's reaction to touching fire for the first time. "What, you mean if I touch it, I can get burned". In this case, "What, you mean stock markets can go down too". Call my broker!!! Sell! Sell!
