World markets dive as fears of U.S. recession grow
Posted: 02:39 PM ET
LONDON (CNN) — From Paris to Mumbai to Tokyo, Monday was one of the worst days for stocks since the terror attacks of September 2001. Europe’s main three indices, the FT-100 in London, the CAC 40 in Paris and the DAX in Frankfurt fell between 5 and 7 percent.
2 comments:
Ha HA HA... Its also the most depressing day of the year in america according to polls. All the xmas bills are due seasonal depression is at its peak. Also it's just about the time when people break there new year resolutions..... And Funniest of all its my brother ryans birthday...HA HA HA
It is crazy to think that the huge fall my have been precipatated by 1 person. A trader in France lost over 7 billion dollars for his bank and they were forced to liquidate their positions on Monday. They had tens of billions of dollars in stock to sell and the global market volume was 5 times higher then normal with the US market closed for the day. It may be a global economy but it is still a small world.
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