Fears of a global financial crisis continues to have add weight to it for those non-believers. UK just had a bailout of their own, our financial problems are more than evident, and now Asia takes a hit, and many speculate that we havent sen anything yet and that it could and will be worse!!!
TOKYO - A massive sell-off on Wall Street and escalating fears of a global recession sent Asian stocks plunging Friday, with Japan's benchmark index plunging more than 10 percent. "Selling is unstoppable in New York and Tokyo," said Yutaka Miura, senior strategist at Shinko Securities Co. Ltd. in Tokyo. "Investors were gripped by fear."
Markets in Hong Kong, Australia, South Korea, Thailand and the Philippines were all down more than 7 percent. Shanghai's index was down 3.8 percent.
Indonesian authorities suspended trading indefinitely on the Jakarta Stock Exchange after they had halted trading Wednesday when the index plunged more than 21 percent over three days earlier this week
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http://news.yahoo.com/s/ap/20081010/ap_on_bi_ge/world_markets
What is going on in the world? Have "they" decided to pull the plug on the globe so that the bankers etc can emerge as the saviours with their solution to this problem?
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